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

Section 31 Disposition versions

2024-05-09

31. To decide any question concerning a conflict of interest or to assess the effectiveness of the safeguards, a chartered professional accountant shall, in particular, take into account,

(1)  the need to fulfill his duties and professional obligations;

(2)  the protection of the public and the safeguarding of public trust in the profession;

(3)  the nature of the conflict of interest situation;

(4)  the nature of the interests at stake.

A chartered professional accountant must also take into account

(1)  when providing services to the entity in which he practises, the positions he holds and the decisions he may be called upon to make;

(2)  when providing services to third parties, the nature of those services, the size and structure of the firm and the precautions taken to prevent access to confidential information about the clients concerned by the conflict of interest.

O.C. 716-2024, s. 31.

Not in force

In force: 2024-05-09

31. To decide any question concerning a conflict of interest or to assess the effectiveness of the safeguards, a chartered professional accountant shall, in particular, take into account,

(1)  the need to fulfill his duties and professional obligations;

(2)  the protection of the public and the safeguarding of public trust in the profession;

(3)  the nature of the conflict of interest situation;

(4)  the nature of the interests at stake.

A chartered professional accountant must also take into account

(1)  when providing services to the entity in which he practises, the positions he holds and the decisions he may be called upon to make;

(2)  when providing services to third parties, the nature of those services, the size and structure of the firm and the precautions taken to prevent access to confidential information about the clients concerned by the conflict of interest.

O.C. 716-2024, s. 31.