C-26, r. 28 - Code of ethics of certified management accountants

Section 34.3 Disposition versions

2012-09-01

34.3. A member who is a partner or shareholder with voting rights within the partnership or joint-stock company where the member practises the profession or who is in a management position within the partnership shall not provide a professional service, other than an assurance service, to a client or an affiliate when a person within his partnership or network partnership or joint-stock company performs an audit or review engagement for such client or affiliate, if the member, or a dependent or spouse, holds and controls a financial interest in the client or affiliate, or holds a financial interest therein that allows him to exercise significant influence over the client’s directors or officers within the meaning of Sections 3050 and 3840 of the Canadian Institute of Chartered Accountants Handbook.

However, a member may provide a professional service, other than an assurance service, if the service is clearly insignificant considering the fees invoiced or the nature of the service provided.

O.C. 406-2010, s. 3; O.C. 904-2011, s. 15.