On January 17, 2018, the Regroupement des cabinets de comptables provided their comments about Bill 141 intended primarily to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions.
The public hearings are part of the special consultations of the Quebec National Assembly’s Committee on Public Finance .
Raymond Chabot Grant Thornton Partner Martin Deschênes among the spokespersons
Martin Deschênes, Partner and Leader of the Financial Advisory Group, was one of the spokespersons for the Regroupement des cabinets de comptables, with Alain Côté (Partner at Deloitte), to enlighten Committee members about the practical aspects of the amendments resulting from Bill 141 concerning the practice of the CPA profession.
It was in this vein that the Regroupement des cabinets de comptables recommended that the legislator withdraw from proposed article 17.0.1 of Bill 141 the lifting of professional secrecy and other loyalty or confidentiality obligations of the codes of ethics binding Quebec professionals and their clients to allow time for reflection on the benchmarks surrounding whistleblowing by professionals and that a specific framework be defined accordingly.
To properly understand the accounting firm’s arguments and learn more about their observations and suggestions for improving this bill, view the public hearings, primarily the experts presentation (first 10 minutes).
You can also consult the article (in French) that appeared in the January 18 edition of Conseiller.ca to learn more about the various statements made during this consultation day.