The terms of reference of the Regulations committee are to update existing regulations, draft new regulations as needed, and make recommendations regarding their approval by the Board of Directors. The Regulation committee’s mandate covers all draft amendments to the Order’s regulations, including the Code of Ethics of Chartered Professional Accountants and all drafts of new regulations.
Any revision to the terms of reference of the committee is the responsibility of the Board.
The Regulation committee is a standing committee, and its responsibilities include:
- establishing, in consultation with the persons in charge at the Order, priorities for reviewing existing regulations and drafting new regulations, while considering whether the amendments are necessary and the repercussions they may have on the practice of the profession;
- monitoring the drafting of proposed amendments to existing regulations, new regulations and guiding principles for future regulations, as well as any proposed amendments to the Canadian harmonized independence standard or Canadian management standards;
- reviewing draft regulations and guiding principles and making necessary recommendations;
- monitoring the process for adopting draft regulations by the appropriate government bodies; and
- monitoring the development of the harmonized rules of professional conduct and ensuring, when necessary, that these rules are adapted to the Quebec context.
As part of its mandate, the committee receives and reviews proposals for guiding principles, amendments to existing regulations and new regulations drafted by the Secretary General and the Legal Affairs Vice Presidency, ad hoc task forces or other parties
The Working Group on the Code of Ethics reports to the committee, and its role includes drafting proposed amendments to the Code of Ethics, as well as reviewing and commenting on proposed amendments to the harmonized rules of professional conduct.