Bill 46 respecting public accounting - The CMA Order greets the expansion of public accounting to all of Quebec's professional accountants

    MONTREAL, Dec. 19 /CNW Telbec/ - With the adoption by the National
Assembly of Bill 46 authorizing access for all Quebec professional accountants
to full rights to practice public accounting, the Ordre des comptables en
management accrédités du Québec (CMA) is pleased to see the end of the
monopoly on this activity until now exercised by chartered accountants.
Adoption of the bill puts Quebec in step with all the other Canadian provinces
and in compliance with the spirit of the Agreement on Internal Trade (AIT).
    "The CMA Order now intends to work on the relevant regulations, to ensure
that they embody the goals of fairness and effectiveness sought by all the
parties," declared the President of the Bureau of the Order, Richard Désy,
    While the CMA Order is pleased with the end of the monopoly, it remains
deeply opposed to the legislative approach chosen by the government to reach
its objective. "The CMA Order continues to disagree with the government's
choice of amending the Chartered Accountants Act, rather than using a neutral
legislative platform like the Professional Code for expanding access to public
accounting. This approach suggests that one professional order can be
subordinated to another and thereby undermines the foundations of the Quebec
professional system, which is based on the principles of autonomy,
self-regulation and self-management for each profession," Mr. Désy added.

    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, 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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