本文发表在 rolia.net 枫下论坛Certified General Accountants of Ontario Welcomes Passage of Justice Statute Law Amendment Act 2002
Toronto, December 5, 2002—The Certified General Accountants of Ontario welcomes passage of the Justice Statute Law Amendment Act 2002. This bill will result in higher accounting standards, greater public accountability and more choice for consumers.
Glen Schmidt, FCGA, president of CGA Ontario, commended the government of Ernie Eves for following through on a commitment to ensure the public interest is the primary focus in the reform of public accounting in Ontario.
“The public interest has won an important victory today. In the face of intensive and unfounded criticism from one of the three professional accounting bodies, lawmakers from all three parties in Ontario held firm,” said Schmidt. “They deserve much credit for their leadership on this important issue.”
The passage of this bill is an early—albeit very important—step in the reform process. It complements the appointment of Professor Ronald Daniels, Dean of the University of Toronto’s Faculty of Law. Dean Daniels was appointed by Attorney General David Young to design a new governance regime for public accounting in Ontario. His mandate is to:
1. Set standards that are internationally respected and reflect the high expectations of the business community, investors and our trading partners
2. Ensure that Ontario’s key trading partners, business organizations and investors continue to have strong confidence in its accounting standards to reinforce confidence in the provincial economy
3. Design the changes necessary to public policy, standards and legislation to make public accounting accessible to all CAs, CGAs and CMAs who qualify
4. Develop standards that are recognized by international accounting bodies and ensure continued public and business confidence, optimum consumer protection, and institutional transferability and accountability; and
5. Advise on a clear definition of public accounting and the design of a framework for a professional examination that tests the core skills and competencies required to perform public accounting to a high standard.
We welcome the opportunity to work with Dean Daniels and the other two professional accounting bodies—the Institute of Chartered Accountants of Ontario and the Society of Management Accountants of Ontario—to help him achieve his mandate.
The government’s decision to modernize 40-year-old legislation was preceded by two independent reports that both called for major changes to licensed public accounting in Ontario—namely, the Red Tape Commission Report, and a decision of a trade panel established under the Agreement on Internal Trade.
“In the wake of Enron and WorldCom, the government has taken an important step on the path toward restoring confidence in financial reporting in Ontario,” said Schmidt. “This is very good news for business, investors and our economy.”
The Certified General Accountants of Ontario is a self-governing body, which grants the exclusive right to the CGA designation and controls the professional standards, conduct and discipline of its members and students in the province of Ontario. Certified General Accountants occupy key financial and management positions in business, industry, education and government. Additionally, as partners and owners of their own firms, many CGAs offer accounting and financial services to the public.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Toronto, December 5, 2002—The Certified General Accountants of Ontario welcomes passage of the Justice Statute Law Amendment Act 2002. This bill will result in higher accounting standards, greater public accountability and more choice for consumers.
Glen Schmidt, FCGA, president of CGA Ontario, commended the government of Ernie Eves for following through on a commitment to ensure the public interest is the primary focus in the reform of public accounting in Ontario.
“The public interest has won an important victory today. In the face of intensive and unfounded criticism from one of the three professional accounting bodies, lawmakers from all three parties in Ontario held firm,” said Schmidt. “They deserve much credit for their leadership on this important issue.”
The passage of this bill is an early—albeit very important—step in the reform process. It complements the appointment of Professor Ronald Daniels, Dean of the University of Toronto’s Faculty of Law. Dean Daniels was appointed by Attorney General David Young to design a new governance regime for public accounting in Ontario. His mandate is to:
1. Set standards that are internationally respected and reflect the high expectations of the business community, investors and our trading partners
2. Ensure that Ontario’s key trading partners, business organizations and investors continue to have strong confidence in its accounting standards to reinforce confidence in the provincial economy
3. Design the changes necessary to public policy, standards and legislation to make public accounting accessible to all CAs, CGAs and CMAs who qualify
4. Develop standards that are recognized by international accounting bodies and ensure continued public and business confidence, optimum consumer protection, and institutional transferability and accountability; and
5. Advise on a clear definition of public accounting and the design of a framework for a professional examination that tests the core skills and competencies required to perform public accounting to a high standard.
We welcome the opportunity to work with Dean Daniels and the other two professional accounting bodies—the Institute of Chartered Accountants of Ontario and the Society of Management Accountants of Ontario—to help him achieve his mandate.
The government’s decision to modernize 40-year-old legislation was preceded by two independent reports that both called for major changes to licensed public accounting in Ontario—namely, the Red Tape Commission Report, and a decision of a trade panel established under the Agreement on Internal Trade.
“In the wake of Enron and WorldCom, the government has taken an important step on the path toward restoring confidence in financial reporting in Ontario,” said Schmidt. “This is very good news for business, investors and our economy.”
The Certified General Accountants of Ontario is a self-governing body, which grants the exclusive right to the CGA designation and controls the professional standards, conduct and discipline of its members and students in the province of Ontario. Certified General Accountants occupy key financial and management positions in business, industry, education and government. Additionally, as partners and owners of their own firms, many CGAs offer accounting and financial services to the public.更多精彩文章及讨论，请光临枫下论坛 rolia.net