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Numbers that speak for themselves
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Changes were made to the annual declaration this year with the addition of a question about the reimbursement of dues by employers. Close to 70% of members have their dues fully reimbursed by their employers. This shows that the CPA designation is highly valued in organizations and that CPAs are equally in demand.
The following numbers are just as revealing. For three years now, the Order has asked you to evaluate its performance as part of the annual declaration, and the results keep proving true.
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of members are satisfied with services provided by the Order
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of members are satisfied with the way the Order is fulfilling its primary mission to protect the public
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of members are proud to call themselves CPAs
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While our performance is admirable, to say the least, we will not slacken our efforts to live up to your expectations.
Thank you once again for your support, your constructive criticism, to which we pay the utmost attention, and your suggestions, which motivate us to do more.
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Continuing education: View your new summary to find out the requirements you must meet by August 31
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We have redesigned your continuing education summary! Now you can track your training hours more easily as well as view the hours that you have recorded and those that you must complete per year and per period.
If you have not done so already, view your summary to find out how many hours you must complete to meet your 2019-2020 requirements. If you are worried about not meeting your target, here are some ways that you can use the next few weeks to get yourself up to speed by August 31.
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Protect your personal information!
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Some of you have reported receiving a call from an individual pretending to be a Manuvie representative and proposing an attractive offer for members of the Order. This person will go so far as to ask to check certain information, including credit files before proceeding. This is clearly a phishing scam, and a good opportunity for us to provide a few reminders regarding protection of personal information.
If a person or company contacts you and claims to have obtained your contact information from the Order, we ask that you exercise the utmost caution. When in doubt, you may also inform the Order by email at info@cpaquebec.ca or phone at 514 288-3256 or 1 800 363-4688. You can never be too careful!
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Transparency and discipline are essential for true economic recovery
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In the debate that raged last week around Bill 61, the Order made its voice heard alongside many other important bodies who spoke out to remind the public that the fundamental values and principles upheld by the CPA profession are key to ensuring optimal efficiency of government action.
The Order argued that economic recovery must not come at the cost of relaxing rules of good governance, anti-fraud and anti-collusion safeguards, transparency, and accountability mechanisms. It therefore called for full compliance with the practice and rules that ensure sound management of public funds.
More news will follow in September when parliamentary proceedings resume.
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Election to the Board of the Order: Congratulations to our new directors!
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At the end of the electronic voting period held from June 8 to 17, the following CPAs were elected to take office at the September 10 Board meeting:
- Mauricie – Centre-du-Québec – Estrie – Lanaudière: Benoit Lavigne (elected by acclamation)
- Montérégie: Mario Gariépy
- Montreal: Emilio Boulianne
- Saguenay–Lac-Saint-Jean – Est du Québec: Nicholas Tremblay (elected by acclamation)
Without a doubt, the Board and the profession will benefit from their skillsets and their wealth of experience.
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Government measures and deadline extensions: What’s new?
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Check out our resources to learn about recent government announcements, particularly the one made by the Ministère de la Famille regarding the extension to September 30, 2020, of the deadline for filing AFRs for 2019-2020 and the ones made by the Government of Canada regarding the widening of the eligibility criteria for the Canada Emergency Business Account and the CERB extension.
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COVID-19: Update on the CEWS, DSPLs and resumption of the CRA’s audit work
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The CRA continues to provide information on the CEWS and other COVID-19 relief measures.
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Accounting for the Canada Emergency Business Account (CEBA)
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This assistance program continues to raise many questions. For example, how should government assistance granted by the CEBA be accounted for, how should it be presented in the income statement and what information must be provided in the financial statements?
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Potential impact of COVID-19 on financial statements prepared under ASPE
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COVID-19 related rent concessions: IASB amendment to IFRS 16 Leases
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The amendment exempts lessees from having to consider whether COVID-19 related rent concessions are lease modifications and allows lessees to account for them as if they were not lease modifications, where applicable. The AcSB will incorporate the amendment, as well as the amendments to the Basis for Conclusions, into the CPA Canada Handbook upon completion of its due process activities.
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EXPERT ADVICE AND RESOURCES
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Annual information returns (AIRs) for plans affected by a plan division or merger
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Retraite Québec has provided new instructions related to the production of annual information returns for plans affected by a plan division or merger.
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One striking off the roll notice has been issued recently.
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Expert advice and resources
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This email was sent by the Quebec CPA Order.
5, Place Ville Marie, bureau 800
Montréal (Québec) H3B 2G2
T. 514-288-3256 1-800-363-4688
You have received this email because it is a communication concerning the requirements of members of the Quebec CPA Order and/or candidates for the practice of the profession. For that reason, you cannot unsubscribe from this communication.
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