C-48.1, r. 6.1 - Code of ethics of chartered professional accountants

Section 35 Disposition versions

2024-05-09

35. A chartered professional accountant may receive or pay a commission, directly or indirectly, in the following cases, provided he can prevent a conflict of interest by applying safeguards

(1)  when referring a client to the services of another person or entity;

(2)  when selling to a client the product or service of another person or entity;

(3)  when obtaining a client from another person or entity.

He shall, in such a case,

(1)  inform the client in writing of the existence of the commission;

(2)  inform the client of the existence of other products or services of the same nature.

For the purposes of this subdivision,

“client” includes the entities related to a client;

“commission” means any compensation, discount, benefit or other advantage, whether monetary or not.

O.C. 716-2024, s. 35.

Not in force

In force: 2024-05-09

35. A chartered professional accountant may receive or pay a commission, directly or indirectly, in the following cases, provided he can prevent a conflict of interest by applying safeguards

(1)  when referring a client to the services of another person or entity;

(2)  when selling to a client the product or service of another person or entity;

(3)  when obtaining a client from another person or entity.

He shall, in such a case,

(1)  inform the client in writing of the existence of the commission;

(2)  inform the client of the existence of other products or services of the same nature.

For the purposes of this subdivision,

“client” includes the entities related to a client;

“commission” means any compensation, discount, benefit or other advantage, whether monetary or not.

O.C. 716-2024, s. 35.