Public Accountants Council
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The Public Accountants Council for the Province of Ontario (PAC) was dissolved on April 30, 2021, following the unification of Ontario's public accounting profession under CPA Ontario. This transition streamlined regulatory oversight and responsibilities for public accounting standards, enhancing efficiency and reducing costs associated with regulatory burdens.
CPAOntario is now responsible for creating and maintaining the Public Accounting Standards that govern licensed public accountants in the province. The Public Accounting Standards Committee (PASC) plays a crucial role in advising and recommending amendments to these standards, ensuring the regulation of public accounting activities aligns with current legislation.
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