Français

ontario regulation 248/07

made under the

Public Accounting Act, 2004

Made: June 6, 2007
Filed: June 8, 2007
Published on e-Laws: June 11, 2007
Printed in The Ontario Gazette: June 23, 2007


Amending O. Reg. 238/05

(General)

1. (1) Clause 5 (1) (a) of Ontario Regulation 238/05 is amended by striking out “a notice on each page” and substituting “a conspicuous notice on each page”.

(2) Clause 5 (1) (b) of the Regulation is amended by striking out “a notice on each page” and substituting “a conspicuous notice on each page”.

(3) Subsection 5 (2) of the Regulation is revoked and the following substituted:

(2) The Notice to Reader in English shall use the following language:

On the basis of information provided by [management or by proprietor, specify], I have compiled the balance sheet of [name of client] as at [date] and the statements of income, retained earnings and cash flows for the [specify period] then ended.

I have not performed an audit or a review engagement in respect of these financial statements and, accordingly, I express no assurance thereon.

Readers are cautioned that these statements may not be appropriate for their purposes.

[Place] [Printed or signed name of accountant, and designation, if any]


[Date]

(4) Subsection 5 (3) of the Regulation is revoked and the following substituted:

(3) The Notice to Reader in French shall use the following language:

J’ai compilé, à partir des renseignements fournis par [la direction ou le propriétaire, selon le cas], le bilan de [nom du client] au [date], ainsi que les états des résultats, des bénéfices non répartis et des flux de trésorerie de [préciser la période] terminée à cette date.

Je n’ai pas exécuté une mission de vérification ou d’examen à l’égard de ces états financiers et, par conséquent, je n’exprime aucune assurance à leur sujet.

Le lecteur doit garder à l’esprit que ces états risquent de ne pas convenir à ses fins.

[Lieu] [Signature imprimée ou manuscrite du comptable et désignation, le cas échéant]

[Date]

(5) Section 5 of the Regulation is amended by adding the following subsection:

(6) Despite the repeal and remaking of subsections (2) and (3) by Ontario Regulation 248/07, a notice under this section that is given before July 1, 2007 may be given using the language in subsection (2) or (3), as the case may be, as those subsections read immediately before the day Ontario Regulation 248/07 was filed.

2. This Regulation comes into force of the day it is filed.

 

Français