CPA NEWSLETTER

THE OFFICIAL VOICE OF THE ORDER

Professionals and freedom of expression

The Disciplinary council of the Order recently rendered a significant decision on the ethical obligations of professionals in all areas of their lives. They concluded that while freedom of expression is a constitutional right, it does not authorize professionals to express themselves without restraint and to impair the public’s trust in the profession.

For more insight into the issue, please refer to the following documents.

ARTICLE BY LANGLOIS LAWYERS

DISCIPLINARY COUNCIL’S DECISION (IN FRENCH ONLY)

NEWS

A better safety net to prevent financial abuse is needed

Before the parliamentary committee currently studying Bill 101, the Order maintained that all persons in vulnerable situations—whether or not they have been deemed incapacitated and whether they live at home or in the health and social services network—should benefit from the same safety net and protection.

Simply put, we must take advantage of the bill being studied to close loopholes in reporting mechanisms and stand in the way of abusers.

READ THE ORDER’S RECOMMENDATIONS

The Order advocates for balance between the primacy of the French language and the protection of the public

In compliance with the government objective of modernizing and strengthening the Charter of the French language, the Order has entered the debate on Bill 96, maintaining that the primacy of the French language must not be achieved at the expense of the protection of the public.

To adequately support its members and ensure that they understand and comply with their various obligations, the Order is calling for sufficient autonomy to communicate verbally with them in their more fluent language.

READ THE ORDER’S STATEMENT

CPA mentors and practical experience supervisors | Administrative procedures to obtain the CPA designation have changed

Several changes have been made to the administrative procedures, available in French only, that govern the CPA designation process, including practical experience.

LEARN ABOUT THE CHANGES

EXPERT ADVICE AND RESOURCES

AASB Discussion Paper – Exploring standard-setting options for audits of less complex entities

The AASB issued a Discussion Paper to obtain stakeholder input on options that might be explored in Canada to address the challenge of applying the Canadian Auditing Standards to audits of less complex entities.

SUBMIT YOUR COMMENTS BY DECEMBER 10

ASPE Exposure Draft – Debt modifications and hedge accounting

Given the interbank offered rates reform, the AcSB is seeking your feedback on its proposal to provide an optional expedient on accounting for debt modifications and an exception to certain hedge accounting requirements in Section 3856, Financial Instruments.

LEARN MORE ABOUT THE PROJECT

SUBMIT YOUR COMMENTS BY OCTOBER 18

Useful tool | Cheat sheet for key governance concepts

In governance, as in all matters, reviewing basic concepts is a helpful way to get back on course and play your role to the fullest.

CONSULT THE CHEAT SHEET (IN FRENCH ONLY)

Immediate expensing of certain capital expenditures

The 2021 federal budget included a proposal to allow CCPCs to immediately expense certain capital expenditures acquired as of April 19, 2021. The Government of Quebec has announced its intention to adopt the measure. The bill, however, has not been tabled, and the deduction is currently being denied by tax authorities.

SEE THE NEWS FROM SEPTEMBER 2

CRA e-service improvements

Tax practitioners will soon enjoy new e-service options for information returns, special elections and more.

EXPLORE WHAT'S NEW

ASPE briefing: Accounting for investments

This updated document will assist you in applying the following sections:1591, Subsidiaries, 3051, Investments, 3056, Interests in Joint Arrangements. It covers, among other things, accounting methods applicable to these types of investments and provides examples of their application.

LEARN MORE

PROTECTION OF THE PUBLIC

Legal notices

Notices of permanent and temporary striking off the roll have been issued recently.

SEE THE NOTICES

NEWS
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EXPERT ADVICE AND RESOURCES
View all the published articles

YOUR FILE
View your file

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