Bill 46, An Act to amend the Professional Code and the Chartered Accountants Act in respect of public accountancy


    MONTREAL, Nov. 19 /CNW Telbec/ - Although it agrees with the objective of
Bill 46, which is intended to give all Quebec's professional accountants full
rights to practice public accounting in accordance with the decision of the
special task force formed pursuant to the Agreement on internal trade (AIT),
the Ordre des comptables en management accrédités du Québec (CMA) is
vigorously opposed to the approach adopted by the government to achieve that
objective. In fact, rather than defining public accounting within the
Professional Code, which is a neutral platform, the Quebec government has
chosen to use the Chartered Accountants Act, thereby subordinating CMAs to
    "While we are quite pleased at the government's willingness to break the
monopoly of chartered accountants on public accounting and finally put Quebec
in step with all the other Canadian provinces in this respect, we are not at
all pleased with the way it has gone about this," declared the President of
the Bureau of the CMA Order, Richard Désy, FCMA. "Since from now on, three
accounting orders will supervise the practice of public accounting, it is to
say the least surprising and contrary to all logic that the government insists
on defining public accounting within the Chartered Accountants Act, just as it
did last year in Bill 64 that died on the order paper."
    In fact, the approach taken by the government challenges the very
foundations of Quebec's professional system. That system is based on the
principles of self-management, self-regulation and autonomy for each
profession, it functions harmoniously and is the envy of Canada's other
provinces. "While the government has not in any way announced its intention to
change the system, that is exactly what Bill 46 would do. What that means is a
decision that today impacts the 45 orders, consisting of 330,000 Quebec
professionals or about 8% of the workforce," Mr. Désy added.
    The CMA Order is still waiting for the government and the other two
accounting orders to offer even the slightest argument to justify their
rejection of the proposals to make the bill acceptable to all parties
concerned that it has defended for nearly a year and is therefore persisting
in its determined efforts to convince the government to opt for a neutral
legislative framework that is fair for all professionals concerned and
respects the public interest.

    The Ordre des comptables en management accrédités du Québec consists of
more than 8,400 certified members and candidates to the profession. CMAs
create value within organizations using an integrated and systematic approach
to strategic and financial management.

For further information:

For further information: Sylvie Brousseau Vice President, Public Affairs
and Communication, Ordre des comptables en management accrédités du Québec,
(514) 849-1155 or 1 800 263-5390, ext. 229,;
Source: Quebec CMA Order

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Ordre des comptables en management accrédités du Québec (CMA)

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