Who needs to become a member of CPA Bermuda?
CPA Bermuda is mandated by the Bermuda Government to educate and regulate professional and public accountants to protect the public interest and ensure the integrity of the profession.
A qualified accountant in Bermuda (with a designation) that is engaged/employed to perform one or more of the following functions must be a member of CPA Bermuda:
- preparation of financial statements,
- designing or controlling systems of records,
- investigating or auditing financial statements,
- issuing a written opinion, report or certificate on financial statements or accounts
This requirement is defined in the Chartered Professional Accountants of Bermuda Act 1973. Persons who decide not to join are not allowed to hold themselves out as professional accountants in Bermuda and engage in performing these services.
CPA Bermuda-Only Membership
In 2019, the By-Laws of Chartered Professional Accountants of Bermuda were amended to include a new category of membership - CPA Bermuda only member. The CPA Bermuda only membership applies to all other global designations where there is currently no Mutual Recognition Agreement (MRA), Reciprocal Membership Agreement (RMA) or Memorandum of Understanding (MOU) with CPA Canada/Bermuda. These designations include CPA Philippines; ACCA; CPA Kenya; ICA India and others. In order to become a CPA Bermuda only member, you must work and reside in Bermuda. This membership is not transferrable and if you leave Bermuda you surrender your membership.
More information can be found here.
For Admission to Membership, please fill out the Membership Application Form.
For Section 9 Referrals for Work Permits, please fill in the Section 9 Referral Form.