CGA-Quebec is pleased that Bill 46 has been introduced in the National Assembly



    MONTREAL, Nov. 14 /CNW Telbec/ - The Ordre des comptables généraux
licenciés du Québec (CGA-Quebec) is pleased that Quebec's Minister of Justice,
Jacques P. Dupuis, has introduced Bill 46 ("An Act to amend the Professional
Code and the Chartered Accountants Act in respect of public accountancy") in
the National Assembly. The proposed legislation authorizes Certified General
Accountants (CGAs) to practice public accountancy and extends their field of
practice to include private-sector audits.
    CGA-Quebec Board Chairman Pierre Samson, FCGA, emphasized that CGAs have
waited many years for these proposed legislative amendments, which will prove
beneficial not only to CGAs, but to the public as well. "The passage of this
legislation will open the door to increased competition in the area of public
accountancy. Businesses will thus have access to a wider range of qualified
assurance service providers," said Mr. Samson.
    Mr. Samson urged lawmakers from all three political parties to move
quickly to pass the legislation, which is aimed at correcting an injustice
that has been a focus of CGA efforts for several years. Indeed, the passage of
Bill 46 will ensure legitimate recognition of CGAs' professional training
without conferring any special privileges. "The measure prohibiting CGAs from
conducting private-sector audits is wholly without merit. It should be noted
that CGAs are presently authorized to conduct audits of municipalities with
multi-million-dollar budgets, but are prohibited from auditing a
private-sector company, whatever its size," said Mr. Samson.
    In August 2005, the special task force created under the Agreement on
Internal Trade (AIT) concluded that measures prohibiting CGAs in New Brunswick
from practicing public accountancy in Quebec were inconsistent with AIT
provisions. In light of this conclusion, Quebec's Minister of Justice asked
the Office des professions to undertake discussions with the three provincial
accounting professions concerning the sharing of full public accounting
practice rights.
    The introduction of this legislation marks a very important step in the
search for a satisfactory solution whereby CGAs in Quebec will be authorized
to use the title of auditor and to provide the same assurance services offered
by CGAs elsewhere in Canada. In his closing remarks, Mr. Samson emphasized
that he will be taking all necessary steps with Quebec lawmakers to ensure
that the legislation proceeds as swiftly as possible through all stages before
being passed into law. CGA-Quebec is prepared to assist in this effort,
particularly as regards the adoption of interim measures. For the well-being
of the accounting profession, CGAs in Quebec hope that their Chartered
Accountant and Certified Management Accountant colleagues throughout the
province will also be open to assisting with this effort.

    CGA-Quebec, which will be celebrating its centennial anniversary in 2008,
represents the interests of some 10,500 members, candidates and students. Its
mission is to ensure the protection of the public, to guarantee the
professionalism of CGAs and to promote their influence and visibility. CGAs
serve as strategic business partners in all sectors of the economy.




For further information:

For further information: Source/media relations: Mathieu Beaudoin,
Communications Advisor, (514) 861-1823, (800) 463-0163,
mbeaudoin@cga-quebec.org

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Ordre des comptables généraux accrédités du Québec (CGA)

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