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As Bill 141 was about to be passed, the
Order has firmly denounced the government’s
decision to reject amendments proposed by
the Order intended to avoid misrepresenting
the role of CPAs and having Quebec take
a position contrary to the international
consensus where whistleblowing is concerned.
At the end of a Kafkaesque process involving
the AMF, senior Finance Department officials
and the office of the Minister himself,
the Order has seen months of discussions
and negotiations intended to reconcile the
legislator’s objectives with the CPA’s role
completely wiped out. Right up until the
last minute, there was hope that Minister
Leitão would seize the window of opportunity
still available to him to reverse the situation.
However, the opposition parties’ final attempt
encountered resistance today from the government.
Given these circumstances, the Order will
consider legal action before the courts
to invalidate the provisions in the bill
that impose upon CPAs a whistleblowing framework
that is incompatible with maintaining a
relationship of trust with their clients.
This unfortunate outcome clearly illustrates
the lack of openness to proposals made by
the organization, i.e. the Order, that the
government has placed in charge of regulating
the practice of the accounting profession
and, by extension, of ensuring the validity
of public company financial statements.
This is where the crux of the problem lies.
The government does not solicit the expertise
of professional orders when drafting bills
and the related regulations, nor is this
expertise valued as highly as it should
be by the government during the parliamentary
process. The protection of the public is
the real loser due to this lack of cooperation
between the government, legislators and
professional orders. In these circumstances,
the Order has not only voiced its discontent
with the Minister of Finance, but has also
raised the matter with the Premier, the
opposition parties and the President of
the Office des professions.
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More services in Revenu Québec’s My Account
space
You can now access filing services directly
in My Account for professional representatives,
which also provides a summary of tax obligations
for your engagements, deadlines and outstanding
balances.
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Morneau reform on income-sprinkling: Understanding
it once and for all
When does it apply and how? Réjeanne Lepage,
CPA, CGA, member of the Technical working
group on taxation and commodity taxes, reviews
the new measures and defines the exemptions.
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2018-2019 budget rules for educational childcare
service providers
On June 8, the Ministère de la Famille posted
the 2018-2019 budget rules for subsidized
early childhood and daycare centres.
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The Public Sector Accounting Board (PSAB)
is seeking your feedback
The PSAB has released consultation papers
on its approach to IPSAS, the conceptual
framework and the reporting model for the
Canadian public sector.
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Implementation tool for auditors: Designing
and performing tests of relevant controls
Learn about common pitfalls when applying
requirements of CAS 330: The Auditor's
Responses to Assessed Risks, as it
relates to designing and performing tests
of relevant controls.
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