CPA NEWSLETTER

THE OFFICIAL VOICE OF THE ORDER

Continuing education: Will you have the required number of hours by August 31?

Need a hand planning your training activities to finish your minimum number of hours required for the 2020-2021 year and for the rolling three-year reference period that will end at the same time for most members? Track your hours in your education summary and read our tips for making the most of the next few months.

Remember that each year, you have until August 31 to complete your training hours and until September 30 to report them in your file.

SEE WHERE YOU STAND

READ OUR TIPS FOR MEETING THE REQUIREMENTS

NEWS

Election to the Board of directors of the Order: Find out who’s in the running

Capitale-Nationale/Chaudière-Appalaches: François Filion, Maxime Lamontagne Forgues, Frédéric Villeneuve
Montreal: Rosemary Capparelli, Michel Hamelin, Puja Mehta, Jessica Paul, Jean-Philippe Tassé-Trottier, Yannick Tassoni, Claude Thibault

The only candidate from the Laval/Laurentides electoral region, W. Robert Laurier, has been elected by acclamation.

Members eligible to vote will soon be emailed all the necessary information to take part in the electronic vote, which will take place from June 7 to 16.

GET TO KNOW THE CANDIDATES

Conciliation and arbitration procedure for the accounts – Notice of regulatory consultation

In accordance with the process of adopting certain regulations pursuant to section 95.3 of the Professional Code, you are encouraged to submit your comments by June 27 regarding an amendment to the Regulation respecting the conciliation and arbitration procedure for the accounts of members of the Ordre des comptables professionnels agréés du Québec.

The proposed amendment aims to increase, from $5,000 to $15,000, the threshold amount below which an account brought to arbitration may be heard by a single arbitrator rather than three arbitrators.

This amendment will make it possible to process matters brought to arbitration more swiftly, in the best interest of the parties, to further leverage the expertise of arbitrators and to update the monetary threshold based on the value of the professional services performed by CPAs in 2021.

SEND US YOUR COMMENTS BY JUNE 27: SECRETARIAT@CPAQUEBEC.CA

EXPERT ADVICE AND RESOURCES

New compilation standard: Start the conversation!

The new standard enters into effect soon, and it is important to start discussing the impact of the changes now with your clients or anyone who uses compiled financial information. Read the briefings that CPA Canada has issued to help facilitate your discussions.

MANAGEMENT BRIEFING

THIRD-PARTY BRIEFING

New suite of quality management standards and free webinar

The final texts of the new quality management standards have been published in the CPA Canada Handbook – Assurance. The AASB will soon share highlights of these standards as well as considerations for firms.

Strategy and planning: a recovery toolkit for small businesses

With this helpful toolkit, you can develop a sound strategy and plan to help small businesses thrive during these uncertain times.

DOWNLOAD THE TOOLKIT

FAQ for auditors in the educational childcare services network

The Ministère de la Famille will post shortly an online FAQ on the 2020-2021 accountability rules for businesses in the educational childcare services network.

KEEP AN EYE ON THE MINISTÈRE’S WEBSITE

Assurance or related services engagements – Interactive decision-making tool

Answer a few questions, and this tool will help you identify which standard(s) to use for your assurance or related services engagement in accordance with the CPA Canada Handbook – Assurance.

VIEW THE GUIDE

USE THE TOOL

New MEES mitigation measure

For the fiscal year ending June 30, 2021, school population engagements concerning youth general education, adult general education and professional training are cancelled.

GST/HST in the digital economy: CRA has published new guidance

As of July 1, certain digital economy businesses will have GST/HST obligations. The CRA has published a questionnaire to help businesses find out if they need to register under the new regime, as well as instructions and examples.

VISIT THE CRA WEBSITE

Communicating key audit matters in the auditor’s report

Canada is now in the last phase of its enhanced auditor reporting project for listed entities, which involves communicating key audit matters. The AASB is supporting the implementation of this change by providing information on the lessons learned from practice runs, a roadmap and an FAQ on its website.

READ THE DOCUMENTS

PROTECTION OF THE PUBLIC

Legal notice

One notice of temporary striking off the roll has been issued recently.

SEE THE NOTICE

NEWS
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EXPERT ADVICE AND RESOURCES
View all the published articles

YOUR FILE
View your file

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