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Member's handbook Revisions Archive 

Member's handbook UPDATES

This section archives Member's handbook changes, from May 1998.

The Member's handbook on this Web site incorporates these changes. In addition, a printed copy of the updated handbook may be obtained by contacting customer service.

Index of Updates

  • June 20, 2012
  • February 24, 2012
    • The Council adopts amendments to Rule of Professional Conduct 303 (Co-operation with successor accountant), Council Interpretation 303 and Council Interpretation 218 (Retention of documents and working papers).
    • The Council adopts Regulation 3-1, Council Election Process
    • The Council adopts amendments to the following Regulations:
      • Regulation 4-2, Dues
      • Regulation 4-3, Obligations and Standing
      • Regulation 4-6, Practice Structure
      • Regulation 6-1, Student Registration
      • Regulation 6-2, Applicant Registration
      • Regulation 9-1, Public Accounting Licensing
      • Regulation 10-1, Practice Inspection

 

  • December 1, 2011
    • The Council adopts amendments to Regulation 9-1, Public Accounting Licensing

 

  • June 16, 2011
    • Members approve at the Annual General Meeting amendments to the Rules of Professional Conduct adopted by the Council on February 25, 2011:
      • Repeal of Rules of Professional Conduct 104 (Requirement to Reply in Writing) and Rule of Professional Conduct 203.2 (Co-operation with practice inspections and conduct investigations)
      • Adoption of Rule of Professional Conduct 104 (Requirement to Co-operate)
      • Adoption of Rule of Professional Conduct 105 (Hindrance, inappropriate influence and intimidation)
      • Amendment of Rule of Professional Conduct 104 (Independence)
      • Amendment of Rule of Professional Conduct 209.2 (Borrowing from clients)
      • Amendment of Rule of Professional Conduct 305.1 (Communication of special engagements to incumbent)
      • Amendment of Rule of Professional Conduct 501 (Firm’s maintenance of policies and procedures for compliance with professional standards)
    • Members approve at the Annual General Meeting new Institute Bylaws made by the Council on February 25, 2011. The new Bylaws came into force on June 16, 2011.
    • The Council repeals the following Regulations:
      • Mandatory professional liability insurance regulation
      • Limited liability partnership regulation
      • Specialty of practice regulation
      • Regulation on custody of client files
      • Continuing professional development audit regulation
      • Council regulation: Admission to membership
      • Regulation in respect of UFE candidates of the Québec Ordre
      • Regulation I – A regulation in respect of students
      • Regulation II – A regulation in respect of certified public accountants from the United States of America and members of other recognized accounting bodies outside Canada with which the institute has reciprocal recognition
    • The Council adopts the following Regulations:
      • Regulation 4-1: Admission to membership
      • Regulation 4-2: Dues
      • Regulation 4-3: Obligations and standing
      • Regulation 4-4: Professional liability insurance
      • Regulation 4-5: Continuing professional development
      • Regulation 4-6: Practice structure
      • Regulation 6-1: Student registration
        Registrar’s guidelines
      • Regulation 6-2: Applicant registration
      • Regulation 7-1: Complaints
      • Regulation 7-2: Reviewer of complaints
      • Regulation 7-3: Discipline and appeal
      • Regulation 9-1: Public accounting licensing
      • Regulation 10-1: Practice inspection
      • Rules of practice and procedure
    • Archived Member's handbook (Change 44-A)

 

  • February 25, 2011
    • The Council adopted or amended Rules of Professional Conduct and Council Interpretations, as follows:
      • Rule of Professional Conduct 104 (Requirement to reply in writing) and Rule of Professional Conduct 203.2 (Co-operation with practice inspectors and conduct investigations) are repealed
      • new Rule of Professional Conduct 104 (Requirement to Co-operate) and Council Interpretation 104 are adopted
      • new Rule of Professional Conduct 105 (Hindrance, inappropriate influence and intimidation) and Council Interpretation 105 are adopted
      • updating amendments to Rule of Professional Conduct 204 (Independence), Rule of Professional Conduct 209 (Borrowing from clients), Rule of Professional Conduct 305.1 (Communication of special engagements to incumbents) and Rule of Professional Conduct 501 (Firm's maintenance of policies and procedures for compliance with professional standards) are adopted
    • The new Rules of Professional Conduct and Council Interpretations and the updating amendments to Rules of Professional Conduct took effect on February 25, 2011 and continue in effect until the rules and amendments to rules are approved by the members at the 2011 Annual General Meeting.
    • The Council also adopted updating amendments to Council interpretations, as follows, the amendments taking effect on February 25, 2011:
      • Council Interpretation 204 (Independence)
      • Council Interpretation 204.7 (Insolvency Engagements)
      • Council Interpretation 206 (Compliance with professional standards)
      • Council Interpretation 209 (Borrowing from clients).
  •  
  • November 30, 2010
    • Members approve at a Special General Meeting The Special Bylaw of 2010 adopted by the Council on October 7, 2010 and which amended Rule of Professional Conduct 204.4 and Rule of Professional Conduct 204.

  • October 7, 2010
    • Council adopts or amends various bylaws to comply with provisions of the Chartered Accountants Act, 2010.
    • Council adopts amendments to Bylaw 403 (Movement of students from one province to another) and the Regulation in Respect of UFE Candidates of the Quebec Ordre.
    • Council adopts the Special Bylaw of 2010 (Amendment to the Independence Rule) that amends the partner rotation provisions of Rule of Professional Conduct 204.4 (Specific Prohibitions, Assurance and Specified Auditing Procedures Engagements), makes updating amendments to the general provisions of Rule of Professional Conduct 204 (Independence) and adopts related amendments to Council Interpretation 204 (Independence).

  • June 17, 2010
    • Members approve at the AGM the bylaws and amendments to bylaws passed by the Council on
      • June 18, 2009
      • February 26, 2010.

  • May 18, 2010
    • A new Chartered Accountants Act, 2010 came into force, replacing the Chartered Accountants Act, 1956. The new Act is not part of the ICAO Member’s Handbook.

 

  • February 26, 2010
    • Council adopts or amends bylaws and rules of professional conduct, as follows:
      • amendment of Bylaw 801 (Mandatory continuing professional development) [First Bylaw of 2010];
      • amendment of Bylaw 267 (Practice inspection committee) and introduction of new Bylaw 915 (Report from director of practice inspection) [Second Bylaw of 2010];
      • introduction of new Bylaw 113 (Member’s contact information), new Bylaw 314 (Termination of members suspended by disciplinary order) and new Bylaw 410 (Maximum attempts at Uniform Evaluation), and amendment of Bylaw 263 (Applications Committee), Bylaw 269 (Membership Committee) and Bylaw 601(Committee structure and powers – Appeal Committee) [Third Bylaw of 2010];
      • introduction of a new Rule of Professional Conduct 202.2 (Objectivity) and re-numbering of Rule 202 (Integrity and Due Care) as Rule 202.1, amendment of Rule of Professional Conduct 209 (Borrowing from clients) and updating to the wording of Rule of Professional Conduct 204.8 (Disclosure of impaired independence) [Fourth Bylaw of 2010].

 

  • February 26, 2010
    • Council adopts or amends regulations and amends the addendum to the bylaws, as follows:
      • introduction of the Continuing Professional Development Audit Regulation;
      • amendment of Regulation 1 (A regulation in respect of students) Section 208 and Section 601;
      • introduction of new Regulation 1 Section 210;
      • amendment to the Addendum to the Bylaws Retired-or-Equivalent Status Fee Exemption or Reduction Criteria.

  • January 22, 2010
    • Revised Practice Inspection Program booklet

 

  • September 25, 2009
    • Council adopts amendments to the Mandatory Professional Liability Insurance Regulation for assurance services performed without fee or other reward.

 

  • June 18, 2009
    • Council adopts or amends bylaws and regulations, as follows:
      • Further amendment of Bylaw 801 (Mandatory Continuing Professional Development) to remove inconsistencies between two categories of retired members;
      • amendment of Regulation II dealing with timelines for applicants and membership candidate registration while completing other examinations.
    • The amendments to Bylaw 801 continue in effect until approved by the members at the next Annual General Meeting.

 

  • June 18, 2009
    • Members approve at the AGM the bylaws and amendments to bylaws passed by the Council on February 20, 2009.

 

  • February 20, 2009
    • Council adopts or amends bylaws and rules of professional conduct, as follows:

      • Bylaw 801 (Mandatory Continuing Professional Development) repealed and new Bylaw 801 (Mandatory Continuing Professional Development introduced [First Bylaw of 2009];
      • amendment of various bylaws related to public accounting licensing to update or clarify their provisions [Second Bylaw of 2009];
      • amendment of Bylaw 510 (Professional Conduct Committee), Bylaw 511 (Reviewer of Complaints) and Bylaw 353 (Readmission and restoration after expulsion or revocation by disciplinary order) [Third Bylaw of 2009];
      • amendment of various bylaws relating to retention of the certification of Council election results, the presentation of the audited financial statements to the Institute’s annual general meeting, and the appointment, authority and responsibilities of the registrar [Fourth Bylaw of 2009];
      • amendment of Rules of Professional Conduct 204.8 (Disclosure of Impaired Independence), 217.1 (Advertising and promotion), 217.3 (Endorsements) and the Foreword to the Rules of Professional Conduct [Fifth Bylaw of 2009];
      • amendment of the Addendum to the Bylaws – Policy for Deferral or Waiver of Members’ Fees Under Special Circumstances.

 

 

  • June 19, 2008
    • Members approve at the AGM the bylaws and amendments to bylaws passed by the Council on
      • February 22, 2008
      • November 29, 2007

 

  • February 22, 2008
    • Council passes amendments to
      • public accounting licensing bylaws to incorporate the criteria and requirements for qualification for and renewal of a licence established by the Public Accountants Council in Council Guidelines it has adopted pursuant to the provisions of the Public Accounting Act, 2004 [First Bylaw of 2008];
      • various bylaws respecting admission to membership by members of other professional accounting bodies who seek to become members of the Institute and the provisions relating to readmission to membership and resignation from membership [Second Bylaw of 2008];
      • Bylaw 801 (Mandatory Continuing Professional Development) to give more precise definition to “verifiable” and “unverifiable” continuing professional development [Third Bylaw of 2008];
      • introduce a new Bylaw 112 (Normal course of carrying on the profession of chartered accountancy) necessitated by the recent enactment by the Ontario Legislature of Bill 14, Access to Justice Act, 2006 [Third Bylaw of 2008].
    • Council passes amendments to
      • Bylaw 263(2) to change the quorum requirement for panels of the Applications Committee;
      • Council Interpretation 401 (Practice names) regarding the approval for the use on a temporary basis of a practice name that does not comply with the provisions of Rule of Professional Conduct 401.
 
  • June 20, 2007
    • Members approve at the AGM the bylaws and amendments to bylaws passed by the Council on
      • February  23, 2007
      • December 14, 2006
      • October 31, 2006
      • September 11, 2006
      • June 20, 2006
  • February 23, 2007
    • Council passes amendments to amend and clarify provisions of Bylaw 801 Mandatory Continuing Professional Development Requirement and various other bylaws.
  • December 14, 2006
    • Council passes amendments to bylaws to provide authority to the Professional Conduct Committee to negotiate settlement agreements, after the conclusion of a full investigation and upon the identification of apparent misconduct and the preparation of charges and for the Discipline Committee to either approve or not approve the settlements.
  • November 23, 2006
  • October 31, 2006
    • Council passes amendments to bylaws that continue in effect subject to approval of the members at the next annual meeting to reflect various provisions of the Standards for public accounting adopted by the Public Accountants Council for the Province of Ontario pursuant to the Public Accounting Act, 2004.
    • Council amends the Mandatory Professional Liability Insurance Regulation to provide for maximum allowable deductible amounts and to prescribe the insurance requirements for CA licensees who provide public accounting services without reward.
  • September 11, 2006
    • Council passes an amendment to Bylaw 510 (Professional Conduct Committee) that continues in effect subject to approval by the members at the next annual meeting, regarding the laying of charges when a public inquiry or public commission finds after a public hearing that a member, student, firm or professional corporation is responsible for or contributed to an act or acts adverse to the public interest. 
  • June 20, 2006
    • Council passes amendments to bylaws that continue in effect subject to approval by the members at their next annual meeting
      • amendment of public accounting licensing bylaws to reflect various provisions of the Standards for public accounting adopted by the Public Accountants Council for the Province of Ontario pursuant to the Public Accounting Act, 2004;
      • amendment of various bylaws to eliminate the mandatory assurance and audit hours for candidates for CA qualification whose interests lie outside assurance by expanding the kinds of work environments where CA student experience may be obtained to include other organizations in the corporate sector and government that have met the training criteria prescribed by the Council and have been approved by the Council for the training of CA students.
  • June 20, 2006
    • Members approve at the AGM the bylaw and rule of professional conduct amendments passed by the Council on February 24, 2006
      • public accounting licensing bylaws (new 900 series and amendment of various other bylaws)
      • bylaws regarding procedural provisions for hearings relating to and the requirements to be met for readmission to membership following expulsion from membership or otherwise
      • clarification or updating amendments to various bylaws
      • new Rule 209 (Borrowing from clients)
  • June 21, 2005
    • members approve at the AGM the bylaw and rule of professional conduct amendments passed by the Council on February 25, 2005
  • June 15, 2004
    • members approve at the AGM the bylaw and rule of professional conduct amendments passed by the Council on February 27, 2004
    • amendments to Regulation I (a regulation in respect of students) and Regulation II (a regulation in respect of members of other designated accounting bodies outside Canada) adopted by the Council
  • May 14, 2004, amendment of Council Interpretation 204B (audit engagements performed under the Canada Elections Act) adopted by the Council

  • February 27, 2004
    • Clarification and updating amendments to Bylaw 103 (definitions), Bylaw 263 (applications committee), Bylaw 336 (Practitioner fee), Bylaw 330 (member fee exemptions), Bylaw 358(9) (bankruptcy or insolvency of members), Bylaw 359(6) (bankruptcy or insolvency of students or membership candidates) and Bylaw 701 (mandatory professional liability insurance)
    • Amendment of bylaws dealing with Council elections, terms of office of elected Council members and elected officer positions, as follows:
      • Bylaw 201 (Council composition, duties and terms of office)
      • Bylaw 202 (qualification for and disqualification from Council)
      • Bylaw 203 (election of Council)
      • Bylaw 221 (elections and appointment of officers)
      • Bylaw 222 (Chair’s responsibilities)
    • Amendments to various rules of professional conduct and related Council interpretations dealing with the disciplining of firms, to harmonize the Institute’s rules with those of the other provincial institutes of chartered accountants, namely
      • Rule 101 (compliance with bylaws, regulations and rules)
      • Rule 102.1 (conviction of criminal or similar offences)
      • Rule 103 (false or misleading applications)
      • Rule 201 (maintenance of reputation of the profession)
      • Rule 201.4 (advocacy services)
      • Rule 202 (integrity and due care)
      • Rule 203.1 (professional competence)
      • Rule 203.2 (co-operation with practice inspections and conduct investigations)
      • Rule 208 (confidentiality of information)
      • Rule 212.1 (handling of trust funds and other property)
      • Rule 212.2 (handling property of others)
      • Rule 213 (unlawful activity)
      • Rule 215 (contingent fees)
      • Rule 216 (payment or receipt of commissions)
      • Rule 217.1 (advertising and promotion)
      • Rule 217.2 (solicitation)
      • Rule 302 (communication with predecessor)
      • Rule 303 (co-operation with successor)
      • Rule 304 (joint engagements)
      • Rule 305 (communication of special engagements to incumbent)
      • Rule 306.1 (responsibilities on accepting engagements)
      • Rule 306.2 (responsibilities on referred engagements)
      • Rule 401 (practice names)
      • Rule 407 (related business or practice and member responsible for non-member in such business or practice)
      • Rule 501 (firm’s maintenance of policies and procedures for compliance with professional standards)
      • Rule 502 (firm’s maintenance of policies and procedures)
      • Rule 503 (association with firms)
    • Amendment and re-numbering of various rules of professional conduct and related Council interpretations dealing with the disciplining of firms, to harmonize the Institute’s rules with those of the other provincial institutes of chartered accountants, namely
      • Rule 404.1re-numbered as Rule 402.1 (use of descriptive styles)
      • Rule 404.3 re-numbered as Rule 402.2 (use of descriptive styles)
      • Rule 405 re-numbered as Rule 403 (association with firms)
      • Rule 404.2 (a) and (b) renumbered as Rules 404.1 and 404.2 (operation of members’ offices)
      • Rule 409 re-numbered as Rule 405 (office by representation)
      • Rule 410 re-numbered as Rule 409 (practice of public accounting in corporate form)
    • Amendment of Rule 204.4(21) transitional provision relating to the requirement to obtain approval of the audit committee for providing non-audit services to a listed entity
  • November 27, 2003, members approve at a Special General Meeting introduction of new Rule of Professional Conduct 204(Independence Standard) and new Rule of Professional Conduct 206(Compliance with Professional Standards). Related Council Interpretations adopted by the Council also take effect on that date.
  • June 17, 2003, members approve at the AGM the bylaw and rule of professional conduct amendments passed by the Council on
  • February 21, 2003, amendment of various bylaws and the introduction of a new bylaw, as follows:
    • Bylaw 321 (Payment of fees) is amended to provide for a late payment fee to be remitted when a fee prescribed by the Council is not paid within the period prescribed for payment of the fee;
    • Bylaw 334 (Suspension for non-payment of fees and other charges), Bylaw 335 (Termination for non-payment of fees and other charges), and Bylaw 352 (Readmission of members terminated for non-payment of fees) are amended, consequent upon the amendment of Bylaw 321.
    • New Bylaw 801 (Mandatory continuing professional development) is introduced.
  • December 12 , 2002, various amendments to the rules of professional conduct and introduction of new rules:
    • amendment of the Foreword to the rules of professional conduct;
    • amendment of the rules of professional conduct dealing with fee quotations (Rule 214) and general advertising (Rule 217.1, which is also re-titled “Advertising and promotion”);
    • repeal of current rules of professional conduct dealing with endorsements (Rule 217.2), obtaining or attracting clients (Rule 301.1) and solicitation (Rule 301.2);
    • introduction of new rules of professional conduct dealing with solicitation (new Rule 217.2) and endorsements (new Rule 217.3).
    • amendment of Council Interpretation 201.1(Criticism of a professional colleague)
  • September 13, 2002, amendment to Bylaw 530 (3)(c) passed by the Council, with immediate effect, which continues in effect until approved by the members at the next annual general meeting.

  • June 11, 2002

    • AGM, members approve bylaw and rule of professional conduct amendments previously passed by the Council, effective June 11, 2002
    • Bylaw amendments passed by the Council, effective June 11, 2002, which continue in effect until approved by the members at the next annual general meeting
    • Amendments to Regulation I: a regulation in respect of students, adopted by the Council, effective June 11, 2002.

  • November 22, 2001, amendments of Rule of Professional Conduct 404.1 and Council Interpretation 401

  • September 14, 2001, amendments to the Regulation on the use of the designation "Certified Public Accountant" or the initials "CPA" by Institute members.

  • June 12, 2001, AGM, members approve the bylaw and rule of professional conduct amendments adopted by the Council and effective from February 15, 2001, January 1, 2001, and December 6, 2000.
  • February 15, 2001,
    • A bylaw, containing the bylaw and rule of professional conduct amendments, that took effect December 6, 2000 and introducing additional bylaw and rule amendments, providing for the disciplining of firms
    • Introduction and amendment of bylaws to provide for and govern practice by chartered accountants through professional corporations
    • Bylaws amending fee provisions or updating terminology
    • Amendments to Council interpretations relating to the disciplining of firms and updating of terminology
    • Update to the wording of Regulation I: a regulation in respect of students and Regulation II: a regulation in respect of US CPA's and members of designated accounting bodies outside Canada.
  • January 1,2001, bylaw amendments modernizing Institute governance, pursuant to amendments to the Chartered Accountancy Act, 1956
  • December 6, 2000, an interim bylaw amending or introducing various bylaws and rules of professional conduct to provide for the disciplining of firms, pursuant to amendments to the Chartered Accountants Act, 1956
  • August 1, 2000,
    • Regulation on the use of the designation "Certified Public Accountant" or the initials "CPA" by Institute members
    • Regulation on custody of client files
  • June 13, 2000, AGM bylaw amendments
  • June 1, 2000, Specialty of Practice Regulation
  • June 8, 1999AGM, bylaw amendments
  • February 19, 1999, Council Interpretation 204A, Audit Appointments under the Ontario Election Finances Act
  • November 26, 1998, Council Interpretation 204.3, paragraph 3
  • July 1, 1998, amendment of The Chartered Accountants Act, 1956
  • May 8, 1998,
    • Limited Liability Partnership Regulation
    • Council Interpretation 401, paragraphs 7 and 8, Misleading Practice Names Prohibited
    • Mandatory Professional Liability Insurance Regulation