MONTREAL, March 28, 2012 /CNW Telbec/ - Today, Jean-Marc Fournier,
Minister of Justice and Minister responsible for the application of
professional legislation, tabled Bill 61, Chartered Professional Accountants Act, that will constitute the Ordre des comptables professionnels agréés
(CPA) du Québec. The CA Order, the CGA Order and the CMA Order welcomed
Another milestone in the process to unify the accounting profession in
Quebec has therefore been reached. The bill will have to follow the
normal steps in Quebec's legislative process before the Ordre des CPA
du Québec becomes a reality.
The new single accounting order will encompass all the professional
accountants in the province, whether they are currently CAs, CGAs or
CMAs. It will result from the pooling of the competencies and expertise
of the members of the existing professions. Moreover, the regulations
governing the new CPA Order will draw on the best elements of the rules
currently in force in the three existing orders, while aiming for the
highest professional and ethical standards. Decidedly forward-looking,
the accounting profession will be in an even better position to serve
the business community and all organizations in Quebec.
The chairs of the three orders are very pleased with this announcement.
"The creation of a single order will enhance the protection of the
public. With a single accounting designation, and especially a single
set of mechanisms to monitor the profession, the new order will clearly
be even better equipped to protect the public," stated Manon Durivage,
FCA, Chair of the Ordre des CA.
In addition, chartered professional accountants will enjoy increased
influence on a global scale. "Not only will the new CPA Order have
unprecedented sway with the profession's regulatory bodies, it will
also be very attractive to future accountants, employers and the
business world," said Stephan Robitaille, FCGA, Chair of the Ordre des
Lastly, unifying the CA, CGA and CMA professions also means strength in
numbers. "The future accounting body will have a membership of 35,000
professional accountants and will form the third largest professional
order in Quebec,'' added Charles Auger, FCMA, Chair of the Ordre des
CMA. ''In addition to merging the driving forces of the accounting
profession, this process will result in increased efficiencies and
effectiveness that will benefit the profession as a whole."
A first in Canada
The tabling of the bill also represents a positive development towards
the unification of the accounting profession in the rest of Canada
since several other provinces are going through a similar process. It
seems likely that Quebec will lead the way and that other provinces
will soon be following suit.
Until the act comes into force
A number of other steps must still be taken before the unification is
officially completed. Until the bill is enacted and comes into force in
Quebec, the three existing accounting orders will continue to cooperate
fully with the competent authorities to ensure a smooth transition to
the new order.
Image with caption: "Logos (CNW Group/Ordre des comptables en management accrédités du Québec (CMA))". Image available at: http://photos.newswire.ca/images/download/20120328_C8681_PHOTO_EN_11673.jpg
SOURCE Ordre des comptables en management accrédités du Québec (CMA)
For further information:
Ordre des CA du Québec
Fanie Clément St-Pierre
External Relations Manager
Ordre des CGA du Québec
Vice-President, Public Affairs and Communications
514 861-1823, ext. 257
Ordre des CMA du Québec
514 849-1155, ext. 246