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October 20, 2011

At a Glance

Advisory Regarding Providing Public Accounting Services in the U.S.

New Four Seasons Hotel Toronto Member Benefit!

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At a Glance

Advisory Regarding Providing Public Accounting Services in the U.S.

A number of U.S. State Boards of Public Accountancy have been discussing the matter of foreign (including Canadian) firms performing public accounting work in various U.S. states without being properly licensed with the appropriate state boards. The state of Texas, for example, has recently negotiated several "cease and desist" orders against Canadian and other foreign firms respecting assurance services provided to clients having operations in that state.

Rule of Professional Conduct 201.1 requires that: "A member, student or firm shall act at all times in a matter which will maintain the good reputation of the profession and its ability to serve the public interest." Council Interpretation 201.1 notes that a member or firm should be cognizant of and comply with the provisions of legislation regulating activities in the various service areas of the member’s or firm’s practice. Accordingly, members are cautioned to seek appropriate legal and compliance advice when performing services in, or in respect of clients having operations in, other jurisdictions. 

Please contact the Institute’s Practice Advisory service at 416-962-1841 or 1-800-387-0735, ext. 456, for further information.

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New Four Seasons Hotel Toronto Member Benefit!

Book your stay at the Four Seasons Hotel Toronto - located in the heart of Yorkville!

The Institute has negotiated preferred pricing on superior rooms, deluxe rooms, premium rooms, executive suites and deluxe one-bedroom suites. Enjoy great discounts whether you are travelling for business or pleasure! Please visit the Member Benefits section of the Institute's website and click on the Four Seasons Hotel logo for more information. Please remember to have your log-in information available.

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