Montréal, December 19, 2007 – 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, FCMA.
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.
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Source: Quebec CMA Order
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Ordre des comptables en management accrédités du Québec
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