C-26, r. 48 - Code of ethics of certified general accountants

Section 1.01 Disposition versions

2012-09-01

1.01. In this Regulation, unless the context indicates otherwise,

(a)  “Order” means the Ordre professionnel des comptables généraux accrédités du Québec;

(b)  “member” means whoever is entered on the roll of the Order;

(c)  “client” means a person or an employer who requires the professional services of a member;

(d)  “opinion” means a part of the auditor’s report which accompanies a financial statement signed by a member in such cases where the law so permits;

(e)  “comments” means a declaration, made by a member, to the effect that he has prepared the financial statement according to generally recognized accounting principles and according to the mandate entrusted to him by his client. This declaration shall mention any exception from the accounting principles stated previously and the effect on the financial statements if this effect is material;

(f)  “accounting firm” means an operational unit where professional accountancy is practised by a member, alone or in partnership, with or without employees who are members;

(g)  “management consulting” means the examination and identification of management and business problems related to technical matters, the policy, the organization, the management, the finances and the administration of the enterprise and the recommendation of appropriate solutions;

(h)  “the practice of professional accountancy” means the offering of services to the public consisting of examining or auditing by the member holding a public accountancy permit or by the member, in the cases where the law so permits, of the records and the documents so as to prepare the necessary financial statements or to make a report thereon and the required services for this purpose.

Without limiting the scope of the foregoing, these services include, for the purpose of this Regulation:

i.  industrial and commercial accounting, that is to say, the analysis and interpretation thereof as an expert, the advice and counsel given in that capacity, as well as the examination and establishment of systems and procedures and the preparation of the financial statements, but excluding any record-keeping:

ii.  public accountancy for the member holding a public accountancy permit;

iii.  (subparagraph revoked);

iv.  the audit engagement for the member in such cases as the law permits;

(i)  “related activities and functions” means the following services, if offered to the public:

i.  management consulting;

ii.  taxation services;

iii.  receivership or trusteeship in bankruptcy and administration of bankrupt companies and estates;

iv.  data processing, including manual bookkeeping and electronic data processing;

v.  management, in particular the administration of business for a third party;

vi.  systems consulting, in particular computer consulting and computer systems programming;

vii.  business brokerage, in particular negotiating and advising on the purchase, sale or merger of businesses;

viii.  administration and settlement of estates;

ix.  investment counselling;

x.  financial counselling;

xi.  insurance counselling;

xii.  valuation;

(j)  “practising member” means a member engaged in one or more of the professional activities or functions listed in paragraph h;

(k)  “professional accountant” means a person, whether or not a member of the Order, who is entitled to practise as a professional accountant;

(l)  “colleague” means a member of the Certified General Accountants Association of Canada;

(m)  “provincial corporation” means a corporation of certified general accountants, duly constituted as a corporation in any province or in any Canadian territory other than Québec;

(n)  “student” means a duly registered student in accounting;

(o)  “separate organization” means an organization practising a related activity or function and constituting a partnership or a legal person that is separate from an accounting firm, that has a different administrative or operational structure from that of an accounting firm, or that has a different name from that of an accounting firm but that has an owner, a partner, a director, a shareholder or an employee who practises within an accounting firm.

R.R.Q., 1981, c. C-26, r. 30, s. 1.01; O.C. 441-90, s. 1; O.C. 1200-2009, s. 1.