DEFINITION of 'Canadian Institute Of Chartered Accountants - CICA'

A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally accepted accounting principles) for Canadian accounting, and publishes guidance and educational materials on a number of accounting-related topics. It is one of the founding members of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

BREAKING DOWN 'Canadian Institute Of Chartered Accountants - CICA'

Founded in 1902, the CICA has grown to become the primary professional organization for chartered accountants in Canada. The institution was originally known as the Dominion Association of Chartered Accountants. As of 2010, the CICA boasts a membership of approximately 75,000 CAs and around 12,000 students both in Canada and Bermuda.

  1. Competition In Contracting Act ...

    A policy established in 1984 to encourage competition for government ...
  2. International Federation Of Accountants ...

    The worldwide organization for the accountancy profession. The ...
  3. Accountants for the Public Interest ...

    An organization whose volunteer accountants provide free services ...
  4. The Accountant's Magazine - TAM

    A Scottish trade publication that covered topics related to accountancy ...
  5. Accounting Principles

    The rules and guidelines that companies must follow when reporting ...
  6. American Accounting Association ...

    An organization that supports worldwide excellence in accounting ...
Related Articles
  1. Personal Finance

    Accountant: Job Description & Average Salary

    Discover what the job description of an accountant entails, along with education and training, salary and skills necessary for success.
  2. Investing

    Accounting Basics

    What is accounting? Learn the basics of this essential way of recording and summarizing financial information.
  3. Trading

    Why U.S. Dollars Aren't Accepted in Canada

    Is the U.S. dollar accepted in Canada? Learn about the legal and practical aspects of using U.S. dollars in Canadian transactions.
  4. Trading

    The Canadian Dollar: What Every Forex Trader Needs To Know

    Canada is becoming an increasingly viable alternative to the U.S. dollar, making it more important in the forex market.
  5. Investing


    Learn more about the generally accepted accounting principles, standards and procedures that companies use to compile their financial statements.
  6. Personal Finance

    Career advice: Accountant versus controller

    Learn about the differences between controllers and accountants, how the two are related and which is the best career choice for aspiring bookkeepers.
  7. Financial Advisor

    Is Now the Right Time to Buy Canadian Stocks?

    Learn about the Canadian stock market and why it has declined over the past five years. Understand if now is a good time to invest in Canadian stocks.
  8. Personal Finance

    Handling High-Yield Savings Accounts

    Is this the savings route for you? Read on to find out what these accounts have to offer.
  1. Why does financial accounting have to comply with GAAP?

    Read about the roles of the FASB and the SEC as it relates to generally accepted accounting principles for publicly traded ... Read Answer >>
  2. How should a change in accounting principle be recorded and reported?

    Learn about changes in accounting principle and why businesses make them, as well as the reporting and recording requirements ... Read Answer >>
  3. Do all countries follow the same GAAP?

    Learn about GAAP and IFRS accounting standards, and understand the difficulties in having a basic set of accounting principles ... Read Answer >>
  4. Who enforces GAAP?

    Take a deeper look at the private enforcement mechanisms behind the generally accepted accounting principles for American ... Read Answer >>
Hot Definitions
  1. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  2. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  3. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  4. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
  5. Annuity

    An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income ...
  6. Restricted Stock Unit - RSU

    A restricted stock unit is a compensation issued by an employer to an employee in the form of company stock.
Trading Center