Resources for CPAs during the COVID-19 crisis

To help you stay current with news that has an impact on our profession and easily find resources to adjust your work methods, we developed a special, constantly updated web page available to you.

Visit the "Coronavirus (COVID-19)" page >

Also, please note that our offices are closed until further notice. We will continue to provide our services remotely and we are doing everything we can to minimize the problems caused by the overload of phone and Internet networks.

Indemnity fund committee

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Role

Established under section 89 of the Professional Code and the Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec, the Indemnity fund committee assesses all claims submitted under the Regulation and makes recommendations to the Order’s Board of Directors. Any revision to the terms of reference of the Indemnity fund committee is the responsibility of the Board and, in some cases, the Office des professions and the Quebec Cabinet, since it may require an amendment to the Regulation.

Responsibilities

The Indemnity fund committee was set up to examine claims against the Indemnity Fund in accordance with the Regulation and make recommendations to the Board on these claims. The committee may hold an inquiry in accordance with section 89 of the Professional Code and the Regulation.

Under the Regulation, a syndic, the Professional inspection committee or the person in charge of professional inspection may provide all the information and evidence deemed relevant for the purposes of an inquiry by the Board, the committee, or the person appointed to conduct the inquiry.

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