On September 28, 2017, the Council of CPA Ontario approved amendments to the Member’s Handbook (bylaws, regulations and policies) to conform to the Chartered Professional Accountants of Ontario Act, 2017 (the “Act”) and to remove dated provisions. As well, changes were made to clarify student obligations and rights, and to amend firm name requirements. Key changes are listed below. For a complete list of all changes please refer to the Member’s Handbook.
There are eight matters from the Act that required specific bylaw and regulation amendment:
- Exemptions from provisions of the Corporations Act (Ontario) – Bylaw sections 1.1.3 and 5.2;
- Right of a firm to appeal a decision of the Registrar concerning registration – Bylaw section 4.17.8 and Regulation 4 – 6: Practice Structure sections 33 – 36;
- Enabling a professional corporation to be a shareholder in a professional corporation – Bylaw section 1.1.38 and Regulation 4 – 6: Practice Structure section 16;
- Permitting staff in certain circumstances, rather than the Professional Conduct Committee (PCC), to review complaints – Bylaw section 7.3.3 and Regulation 7-1: Complaints section 11;
- Recognizing that the adjudicative tribunal may order compensation to a person - Regulation 7-3: Discipline and Appeal section 10;
- Providing for the possibility of French hearings - Rule 17 of the Rules of Practice and Procedure;
- Permitting staff, rather than the PCC, to appoint investigators - Regulation 7-1: Complaints section 13; and
- Requiring a register of members and firms, but not students – Bylaw section 4.15.