N-3, r. 5 - Regulation respecting trust accounting by notaries

Section 31 Disposition versions

2012-09-01

31. The accountant verifies the accounting procedures followed during the year by the notary for the keeping of his trust account records, in accordance with the generally accepted auditing standards he considers necessary in the circumstances. To that end, he must verify, in particular,

(1)  the receipts and disbursements affecting the cash book, the general ledger, the relevant financial institution passbooks or statements, and supporting documents, including related files and acts;

(2)  the reconciliation of the general and special trust accounts with the notary’s books; and

(3)  the inventory of funds, securities, and other property entrusted to the notary as at 31 December.

O.C. 995-2002, s. 31.