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 24 Disposition versions

2012-09-01

24. A member shall keep, and provide upon request to the Order in a readable format, up-to-date information pertaining to:

(1)  trust accounting, including:

(a)  a list of the sums held;

(b)  a list of the general and special trust accounts held, indicating for each, if applicable, the name of the investment dealer or depository financial institution, the account number and the balance at the end of each fiscal year identified by the Order;

(c)  the accounting books and accounts pertaining to said accounting;

(2)  the administration of the property of third parties, including:

(a)  the nature of the administration mandate;

(b)  the date on which the mandate was entrusted and, if applicable, the date on which it ended;

(c)  a brief description of the property administered, its value, the location of such property and the member’s responsibility for such property;

(d)  the accounting books, accounts and records pertaining to said administration.

A member shall keep the accounting books, documents, records and statements of account of the financial institution or investment dealer, or any other document pertaining to trust accounting or to the administration of the property of third parties, for a period of 7 years following the end of the contract, unless different terms and conditions or time periods are provided for in the Regulation made under section 91 of the Professional Code (chapter C-26).

O.C. 57-2007, s. 24.