Ordre des comptables agréés du Québec

Ordre des comptables agréés du Québec

December 18, 2007 16:32 ET

The Ordre des comptables agrees du Quebec is Satisfied with the Adoption of Bill 46

MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2007) - The Ordre des comptables agrees du Quebec is satisfied with the adoption today of Bill 46, which opens the practice of public accounting to all accounting professionals who can demonstrate their competence in the field. "Since the beginning of the discussions that led to the adoption of the bill and in keeping with its primary mission of protecting the public, the Ordre has kept its focus on ensuring that the high quality of the standards for the practice of public accounting was maintained," said Jean-Pierre Allaire, FCA, Chair of the Ordre.

The next step in the process is the adoption, by the other two professional accounting bodies, of rules comparable to those currently in effect for CAs and which will regulate the practice of public accounting in Quebec. "The Ordre des comptables agrees du Quebec is offering to cooperate fully in the work of analyzing the draft regulations that will be submitted for consultation by Quebec's other two professional accounting bodies," said Daniel McMahon, FCA, President and CEO of the Ordre.

In its presentation before the Committee on Institutions on December 6, 2007, the Ordre proposed an amendment to the bill to reserve compilation engagements, which give rise to the issuance of Notices to Reader, for professional accountants. "Even if our proposal is not included in Bill 46 as it is adopted today, we are confident that for the protection of the public, compilation engagements will be regulated by a government bill in the very near future," concluded both the chair of the Ordre and its president.

With a membership of close to 17,500 CAs and 1,500 candidates for the practice of the profession, the Ordre des comptables agrees du Quebec carries out its primary mission to protect the public by enforcing the most demanding admission criteria and ethical standards.

Contact Information

  • Ordre des comptables agrees du Quebec
    Cedrick Beauregard
    External Relations Manager
    514-982-4615 / 1-800-363-4688, ext. 4615
    c.beauregard@ocaq.qc.ca