C-48.1, r. 9 - Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec

Section 11 Disposition versions

2012-09-01

11. A member who deposits the funds contemplated in section 9 in a special consolidated trust account shall:

(1)  exercise direct control over the account or, where the account is opened by the partnership or joint-stock company within which the member practises his profession, ensure that a member practising within such partnership or joint-stock company exercises direct control over the account;

(2)  maintain in good order a bank account and an accounting system allocating, on a monthly basis, the interest and expenses generated by the consolidated trust account;

(3)  make accessible to the person who requested that the funds be deposited in such an account and to the persons and committees contemplated in paragraph 3 of section 12, the computation method, the amount of any expenses tied to the consolidated account and the allocation of such expenses.

O.C. 57-2007, s. 11.