The Canadian Institute of Chartered Accountants / L’Institut Canadien des Comptables Agréés
Registration:
5
of
9
(2003-11-11
to
2004-05-13)
Subject Matter: Retrospective:
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DURING THE PREVIOUS SIX MONTHS, THE CICA MADE REPRESENTATIONS TO THE DEPARTMENT OF FINANCE ON FINANCIAL INSTITUTIONS LEGISLATION, BUDGET RELATED MATTERS AND THE DEFINITION OF LIMITED PARTNERSHIP UNDER THE INCOME TAX ACT. REPRESENTATIONS WERE MADE FROM THE JOINT TAXATION COMMITTEE, IN CONJUNCTION WITH THE CANADIAN BAR ASSOCIATION, TO THE DEPARTMENT OF FINANCE AND THE CANADA CUSTOMS AND REVENUE AGENCY REGARDING CHANGES IN LEGISLATION OR REGULATION TO THE INCOME TAX ACT AND ON IMPLEMENTATION ISSUES. THE CICA CONTINUED TO DISCUSS STANDARD SETTING OF GAAP AND GAAS AND ISSUES RELATED TO CORPORATE GOVERNANCE AND THE REGULATION OF THE CAPITAL MARKETS WITH THE DEPARTMENT OF INDUSTRY, THE DEPARTMENT OF FINANCE AND THE OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS. REPRESENTATIONS WERE MADE TO THE DEPARTMENT OF FINANCE AND THE CANADA CUSTOMS AND REVENUE AGENCY REGARDING THE IMPLEMENTATION OF CIVIL PENALTIES FOR THIRD PARTIES. THE CICA CONTINUED TO MEET WITH VARIOUS GOVERNMENT DEPARTMENTS TO MAKE THEM AWARE OF ASSURANCE SERVICES SUCH AS ELDERCARE AND THE CICA WEBTRUST TM, ASKING THEM TO RECOGNIZE THE VALUE OF THESE SERVICES AS A BASIS FOR DEVELOPING POLICIES/PRACTICES AND SETTING STANDARDS IN AREAS SUCH AS ELECTRONIC COMMERCE. REPRESENTATIONS WERE MADE TO ENVIRONMENT CANADA REGARDING THE ISSUE OF GREENHOUSE GAS EMISSION ALLOWANCES AND CREDITS. THE CICA CONTINUED DISCUSSIONS WITH INDUSTRY CANADA AND WITH THE PRIVACY COMMISSIONER WITH RESPECT TO THE PERSONAL INFORMATION PROTECTION AND ELECTRONIC DOCUMENTS ACT.
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Subject Matter: Prospective:
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DURING THE NEXT SIX MONTHS, THE CICA WILL CONTINUE ITS ACTIVITIES WITH THE DEPARTMENT OF FINANCE ON FINANCIAL INSTITUTIONS LEGISLATION AND BUDGET RELATED MATTERS. REPRESENTATIONS WILL CONTINUE FROM THE JOINT TAXATION COMMITTEE, IN CONJUNCTION WITH THE CANADIAN BAR ASSOCIATION, TO THE DEPARTMENT OF FINANCE AND THE CANADA CUSTOMS AND REVENUE AGENCY REGARDING CHANGES IN LEGISLATION OR REGULATION TO THE INCOME TAX ACT AND ON IMPLEMENTATION ISSUES. REPRESENTATIONS WILL CONTINUE FROM THE COMMODITY TAXATION COMMITTEE TO THE DEPARTMENT OF FINANCE AND THE CANADA CUSTOMS AND REVENUE AGENCY ON A RANGE OF COMMODITY TAX AND CUSTOMS ISSUES. REPRESENTATIONS WILL CONTINUE FROM THE JOINT TAXATION COMMITTEE TO THE DEPARTMENT OF FINANCE AND THE CANADA CUSTOMS AND REVENUE AGENCY REGARDING ADMINISTRATION OF CIVIL PENALTIES FOR THIRD PARTIES. THE CICA WILL CONTINUE TO DISCUSS STANDARD SETTING OF GAAP AND GAAS AND ISSUES RELATED TO CORPORATE GOVERNANCE AND THE REGULATION OF THE CAPITAL MARKETS WITH THE DEPARTMENT OF INDUSTRY, THE DEPARTMENT OF FINANCE AND THE OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS. THE CICA WILL MONITOR AND MAY MAKE REPRESENTATIONS ON POSSIBLE CHANGES TO THE LEGISLATION OR REGULATIONS RELATING TO THE AGREEMENT ON INTERNAL TRADE TO THE DEPARTMENT OF HUMAN RESOURCES. THE CICA WILL CONTINUE TO MEET WITH VARIOUS GOVERNMENT DEPARTMENTS TO MAKE THEM AWARE OF ASSURANCE SERVICES SUCH AS ELDERCARE AND THE CICA WEBTRUST TM, ASKING THEM TO RECOGNIZE THE VALUE OF THESE SERVICES IN AREAS SUCH AS ELECTRONIC COMMERCE. THE CICA WILL CONTINUE DISCUSSIONS WITH ENVIRONMENT CANADA REGARDING THE ISSUE OF GREENHOUSE GAS EMISSION ALLOWANCES AND CREDITS. THE CICA WILL CONTINUE ITS DISCUSSIONS WITH INDUSTRY CANADA AND WITH THE PRIVACY COMMISSIONER WITH RESPECT TO THE PERSONAL INFORMATION PROTECTION AND ELECTRONIC DOCUMENTS ACT AND ON CHANGES TO THE CANADA CORPORATIONS ACT. THE CICA WILL MAKE REPRESENTATIONS TO TRANSPORT CANADA REGARDING THE PROPOSED CANADA AIRPORTS ACT.
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