CPA Canada–CAAA: Financial Accounting, Assurance & Tax Research Grant

Call for Proposals

Letters of Intent due: June 29, 2021
Proposal invite: July 28, 2021
Proposals due: September 4, 2021
Decision letters: October 13, 2021

The Chartered Professional Accountants of Canada has made a research fund available to members of the CAAA at Canadian institutions. There will be one call for proposals per year for each of the grants funded through this program.

Purpose

The broad purpose of this fund is to encourage Canadian academics to undertake projects to help reimagine the accounting profession by informing the Foresight Initiative (see below for more information) being championed by CPA Canada and CPA Provincial bodies. The research under this program need not lead to publication in a scholarly journal, although it may lead to one or more such publications. The research project may result in a report that is both useful to practitioners and academics, including to advance thought and understanding for further exploration.

Funding criteria  

The main funding criteria are that the work be:

  • Relevant to reimaging the accounting profession by demonstrating an understanding of the Foresight Initiative and help inform the way forward
  • Completed on a timely basis
  • Of quality

The first criterion is to be ensured by the Chartered Professional Accountants of Canada's review of the letter of intent. The timeliness criterion is addressed by requiring a detailed timeline in the proposal showing expected dates for production of reports or working papers. The reports or working papers must be completed within 24 months. The quality is ensured by the expertise provided by the CAAA Research Committee’s examination / approval of the proposal.  

Guidelines

Applicants are requested to submit a one- to two-page letter of intent outlining the area(s) and objectives of the research using the form below. The letter of intent should also refer to the project’s relevance to the Foresight Initiative.

Submit a Letter of Intent

Do not send this letter of intent to CPA Canada. Submissions for this grant are handled by the CAAA Secretariat. Feedback to applicants will be returned through the Chair of the CAAA Research Committee. LOIs passing the initial stage will be invited to submit a full grant proposal. We encourage research employing any research methods.

The Way Forward for the accounting profession

We are living in a world of heightened risks and disruption.  This includes the reality of a swiftly evolving digital environment led by the overwhelming pervasiveness of technological change.  As well, the interdependence of society, economy, and the environment is becoming clearer with resultant implications for business. 

How do we reorient players across the investment value chain towards a longer-term, multi-stakeholder perspective?  What types of policies, governance and skills are needed to keep pace with emerging technologies that are driving societal transformation?  These and similar questions led the CPA profession in Canada to embark on the Foresight initiative that involved assessing scenarios and extensive consultation and digital engagement.  A multi-stakeholder consultation that challenges the status quo and the resultant The Way Forward report suggests future CPAs will:

  • provide insight on performance (drive enhanced decision-making by leveraging emerging technologies … to provide real-time insight and foresight)
  • lead and advise with integrity (across a broader scope and to an expanded range of decision-makers)
  • provide assurance and trust in information (expand beyond financial information to encompass a broader range of information sources)

For the profession to determine the role it will play in the future, CPA Canada is working with experts in public practice, industry and public sector, and academics to respond to these challenges. Key topics include:

  • Rethinking value creation - in terms of developing new and evolving models of value creation and in reassessing how accountants add value. Explore how CPAs can play a leadership role in strategic decisions about future value creation challenges and a global directory of value creation solutions available in the marketplace to find the ones to better understand the economic, social, and environmental impacts of activities and support strategic business decisions.  
  • Driving sustainable development and inclusive growth – by identifying how the accounting profession can drive socially responsible business practices. The pandemic has amplified the importance of environmental, social and governance (ESG) issues. The demand is growing for companies to produce ESG disclosures that are consistent, comparable, and reliable. Various bodies are coming together to work on harmonizing ESG disclosure. The IFRS Foundation Trustees is considering creating a global Sustainability Standards Board. Learn about this activities, including E&S disclosures and how an organization valued its workforce.
  • Mastering and shaping a data-driven economy – to ultimately enable accountants to become comfortable in a world that will be data-rich, data-intense and data-driven. In concert with this, CPAs should play a role in the development of standards for data governance and data integrity. Explore how CPAs are rising to the challenge in a data-driven world and the Mastering Data series that looks at the foundations of the digital economy and the role of CPAs in using digital technologies and data management to improve business outcomes.
  • Thriving by adopting new technologies – involves organizations becoming more digital. CPAs can respond by developing a strong understanding of technologies, including artificial intelligence, robotic process automation, blockchain and crypto-assets, and harnessing data to drive better decision making.
  • Preparing the future-ready CPA – to be agile and willing to learn, unlearn, and relearn new skills to remain relevant in today’s changing world. The profession is assessing what core skills remain essential to the identity of CPAs, and what new capabilities must they acquire to best serve their organizations, clients, and stakeholders.

Questions should be directed to Louise Laroche

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