Limited public accountancy permit

Under certain conditions, CPAs can hold a public accountancy permit limited to review engagements or limited to review engagements and audit engagements specifically provided for by law.

Permit limited to review engagements obtained through a voluntary commitment

The Order can issue the public accountancy permit limited to review engagements if your professional experience has allowed you to acquire the necessary competencies to sign review engagement reports, but has not allowed you to meet all the necessary conditions to sign audit reports. In this case, you have to:

  • sign a limitation of practice commitment
  • limit your practice area to the acts you are specifically authorized to perform [PDF]
  • add “limited to review engagements” to your “CPA auditor” designation each time you use it, be it on review engagement reports, business cards, in advertising, websites, etc. If need be, refer to the signature models available to you.

The professional education and examination requirements are the same, whether you wish to obtain the public accountancy permit or the public accountancy permit limited to review engagements. Only the practical experience requirements are different. 

To obtain the public accountancy permit limited to review engagements, you must submit an application for recognition of prior learning and professional experience to the Order.

Important: Those who hold this permit must meet the public accountancy permit obligations.

“Limited” permit issued under section 65 of the CPA act

CPA, CGAs and CPA, CMAs retained certain limited rights related to assurance services up to May 15, 2013. The “limited” public accountancy permit issued under section 65 of the Act is no longer issued, but some members still hold one.

The “limited” public accountancy permit issued under section 65 includes specific restrictions with respect to assurance services.

Public accountancy permit limited to review engagements

  • This permit authorizes its holder to perform only review engagements.
  • Each time the holder uses the title of “auditor,” it must be followed by “limitied to review engagements,” be it in reports, on business cards, in advertising, website, etc. Refer to the signature models available to you.

Conversion of the permit

Do you hold a “limited” public accountancy permit issued under section 65? You should consider converting it into the public accountancy permit limited to review engagements through a voluntary commitment. For more information, contact us at permisdecomptabilitepublique@cpaquebec.ca.

Public accountancy permit limited to review engagements and audit engagements specifically provided for by law

  • This permit authorizes its holder to perform only review engagements and, under certain conditions, audit engagements for legal entities governed by the following:
    • Act respecting the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire
    • Education Act
    • General and Vocational Colleges Act
    • Act respecting financial services cooperatives
    • Cooperatives Act
    • Savings and Credit Unions Act
  • Each time the holder uses the title of “auditor,” it must be followed by “limited to review engagements and certain audit engagements specifically provided for by law,” be it in reports, on business cards, in advertising, etc. Refer to the signature models available to you.

Questions?

Do you have any questions about the public accountancy permit limited to review engagements obtained through a voluntary commitment or the “limited” permit issued under section 65? Email us at permisdecomptabilitepublique@cpaquebec.ca.

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