CGA加拿大注册会计师Certified General Accountants

　　高顿网校小编为大家介绍一下Certified General Accountants Call for Quick Reforms to Canadian Accounting Standards Setting，如下：
 

　　The Certified General Accountants Association of Canada (CGA-Canada) describes the current system of setting accounting standards in this country as fundamentally flawed. The association is recommending legislative reforms to restore public confidence in Canada's capital markets — an important element for continued economic growth and prosperity.
 

　　"We regard the status quo as unacceptable and clearly not in the public interest," says Guy Legault, President and Chief Operating Officer of CGA-Canada. Mr. Legault made his remarks before the Senate Standing Committee on Banking, Trade and Commerce, which is studying corporate governance structures in the wake of the Enron collapse.
 

　　During his appearance before the committee, Mr. Legault asserted that the process of setting the rules by which financial reporting information is generated should be subject to the highest possible standards of transparency, accountability and democracy.
 

　　Specifically, CGA-Canada is critical of the close links between institutions that set accounting standards in this country and one part of the accounting profession itself, namely the Canadian Institute of Chartered Accountants. "If this is not redolent of conflict of interest then, at the very least, it bears the appearance of a conflict. This is unacceptable," said Mr. Legault.
 

　　The setting of accounting standards is a matter of broad public interest and must be removed from the control of only one professional body. "The current process of standard-setting in Canada does not meet the test of independence," Mr. Legault told the Senate.
 

　　A study tabled today with the Committee shows that Canada has not followed other economies in moving towards independent accounting standard-setting organizations. Canada is the only country in a group comprised of the United States, the United Kingdom, Germany, Japan and others that does not have a base of funding for their standards-setters that is independent of any one professional accounting body. "One is compelled to ask whether all of these countries have it wrong," Mr. Legault said.
 

　　The federal government has the mandate to appoint the standard-setter through existing legislation. "A simple amendment to the Canada Business Corporations Act and regulatory change is all that is required to provoke the necessary reforms."
 

　　CGA-Canada also tabled a discussion paper with the Senate committee that the Centre for Collaborative Government prepared for the Association. It explores some key issues around standard-setting in Canada and reflects the views of Parliamentarians, regulators, accounting professionals and prominent industry experts. The group identified a set of basic principles such as expertise, accuracy, transparency, simplicity, fairness, impartiality, balance and independence that must underpin the standard-setting process.
 

　　For more information, please contact Media Relations.
 

　　高顿网校小编真诚希望以上信息对您能有所帮助！