CGA加拿大注册会计师CGA-Canada calls for independent

　　高顿网校小编为大家介绍一下CGA-Canada calls for independent, open and consultative accounting standards reform process to protect against future Enron-type failures in Canada ，如下：
 

　　In the wake of the Enron disaster, the president of Canada's second largest professional accounting body has called for a full, open and frank public policy discussion about possible changes to Canadian accounting standards, to protect the long-term financial health of Canadians and the economy.
 

　　"This issue is far too important to remain behind closed doors," says Guy Legault, President and COO of the 55,000-member Certified General Accountants Association of Canada. Legault will take his message of open public discussion to Canada 's Accounting Standards Oversight Council on Friday. He suggests that so far, plans and decisions about possible changes are being made without the kind of broad public discussion so necessary to achieve the right long term objectives for Canada.
 

　　"Enron has caused a crisis of confidence in financial reporting," notes Legault. "It's also provided an opportunity to make necessary reforms, and confirms what we've known for some time. US accounting standards, with their heavy emphasis on narrow prescriptive rules rather than broadly based principles and sound professional judgment, contributed to obscuring Enron's true financial situation until it was too late."
 

　　As the standards reform discussion gets underway, CGA-Canada is calling for further investigation into the adoption of international accounting standards in Canada — those of the International Accounting Standards Board (IASB). In 1999, CGA-Canada announced its formal support for the adoption of IASB standards in Canada .
 

　　"Enron has reaffirmed our view on the necessity for IASB standards in Canada ," says Legault. "I'm pleased to see growing support for the widespread adoption of IASB standards among accounting leaders around the world, as the post Enron debate takes place."
 

　　The issue of which standards Canada should adopt, highlights the current inadequacies of the standards reform process in Canada, CGA-Canada has observed. Only one section of the accounting profession establishes, reviews and monitors the accounting standard setting process in Canada with no broad public accountability in place.
 

　　CGA-Canada will present its views to the Accounting Standards Oversight Council in Toronto on May 3.
 

　　For more information, please contact Media Relations.
 

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