A new Chair and two important gains for the CGAs of Québec

    MONTREAL, June 16 /CNW Telbec/ - As the result of the adoption of Bill
46, An Act to amend the Professional Code and other legislative provisions, by
the National Assembly of Québec, the Ordre des comptables généraux licenciés
du Québec (CGA) becomes the Ordre des comptables généraux accrédités du
Québec. This bill also confirms that the right to perform a compilation
engagement will now be reserved for accountants who are members of one of the
three professional accounting orders.
    These amendments were enthusiastically welcomed by the new Chair of the
Board of Directors and Executive Committee for 2009-2010, Denis Riendeau,
FCGA. "Bill 46 means a real advance in the pursuit of our activities and I
intend to apply the same energy and leadership as my predecessors. For this
purpose, I will be supported by a solid team with acknowledged expertise,"
declared Mr. Riendeau.

    A new name for the Ordre

    Amending the name of the Ordre des CGA du Québec will make it possible to
protect the public by eliminating a source of confusion, avoid the
inconsistency between the name and the title and harmonize the organization's
name with that of CGA Canada and the affiliated CGA associations of the other
provinces. "By solving this historical problem, the lawmakers have made more
than just an aesthetic improvement. They have made it possible to adapt our
name to the reality and have acted in the public interest," continued Denis

    Compilation engagements

    The Ordre des CGA du Québec is also pleased with another very important
provision of the bill confirming that compilation engagements will now be
reserved for accountants who are members of one of the three professional
accounting orders. In other words, pursuant to Bill 46 adopted today, only
accountants with a professional title will be legally authorized to perform
compilation engagements. While a compilation engagement is not an assurance
engagement, it nevertheless implies a professional responsibility in which the
professional accountant ensures the exactness of the figures and the
compilation of the financial statements based on the information they have
available. Hence the necessity for reserving the compilation engagement for
the three professional accounting orders, to protect the public.

    The new Chair: challenges ahead

    A graduate of HEC Montreal, Mr. Riendeau has more than 25 years of
experience with various companies. He is noted for his energy, leadership and
sustained commitment to the Ordre des CGA du Québec and CGA-Canada, as well as
for his many achievements in community work. Some important projects await Mr.
Riendeau: implementing the permit issuance process for public accountancy,
publicizing the new regulations on compilation engagements and applying the
agreement between the Ordre and its French counterparts on the recognition of
professional qualifications.
    "I have also set as a priority to highlight the numerous competencies and
facets of CGA accounting professionals in Québec in every sphere of activity,
whether in business, private practice or government, para-public and
socio-community settings. Furthermore, it is important to maintain the high
quality standards of Québec CGA accounting professionals, in order to respect
the primary mission of the Ordre, the protection of the public. It is good to
remember that the Ordre was the first accounting order to institute a
mandatory continuing education policy for its members. This will be a year
full of challenges, and we will meet them for our members and the public,"
Denis Riendeau concluded.

    A team up to the challenges

    In his term as Chair, Mr. Riendeau will be assisted by Marco Pilon, FCGA,
Vice Chair and Treasurer, Sylvain Moreau, FCGA, Second Vice Chair, Stephan
Robitaille, CGA, elected director, and Germain Trottier, Ph.D., s.w., director
appointed by the Office des professions.

    About the Ordre des CGA du Québec

    The Ordre des CGA du Québec has more than 10,500 members, candidates and
students. Its mission is to protect the public, guarantee the professionalism
of CGAs and promote their influence. As accounting professionals, CGAs are
strategic business partners in various spheres of economic activity.

For further information:

For further information: Danielle Létourneau, Director of
Communications, (514) 861-1823 ext. 257, 1-800-463-0163,

Organization Profile

Ordre des comptables généraux accrédités du Québec (CGA)

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