Just to clarify, CPA Canada is not a regulatory body. The regulation of the accounting profession, like all professions in Canada, is through provincial legislation.
That said, the provincial regulators for the accounting profession take their accountability to the public very seriously, and we have harmonized codes of professional conduct across the country that meet or exceed the codes of professional conduct put out by the International Ethics Accounting Standards Board of the International Federation of Accountants. We have high best practices in terms of our codes of conduct.
Those codes of conduct clearly lay out that illegal practices are not acceptable. There is a disciplinary process. It begins with a complaints inquiry process, then an investigation, and finally a disciplinary process.
There are a number of sanctions available to the provincial regulators in that regard, including monetary fines and expulsion from the profession.