CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO ?· CHARTERED PROFESSIONAL ACCOUNTANTS OF ONTARIO ...…

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<ul><li><p>CHARTERED PROFESSIONAL </p><p>ACCOUNTANTS OF ONTARIO </p><p>BYLAWS </p><p>Bylaws relating generally to the conduct of the affairs of the </p><p>Chartered Professional Accountants of Ontario </p><p>Amended September 28, 2017 </p><p>TABLE OF CONTENTS </p><p>1. GENERAL PROVISIONS .................................................................................... 1 </p><p>1.1 Meaning of Words .................................................................................... 1 </p><p>1.2 Rulings ..................................................................................................... 6 </p><p>1.3 References to Writing ............................................................................... 6 </p><p>1.4 Headings .................................................................................................. 6 </p><p>1.5 Statute Changes ...................................................................................... 6 </p><p>1.6 Head Office .............................................................................................. 7 </p><p>2. COMPLIANCE WITH BYLAWS, RULES AND REGULATIONS ........................... 7 </p><p>2.1 Regulations .............................................................................................. 7 </p><p>2.2 Compliance General.............................................................................. 7 </p><p>2.3 Compliance Suspension ........................................................................ 7 </p><p>2.4 Compliance Revocation ........................................................................ 7 </p><p>2.5 Compliance Public Accounting .............................................................. 8 </p><p>3. GOVERNANCE ................................................................................................... 8 </p><p>3.1 Council ..................................................................................................... 8 </p><p>3.2 Elected Council Members ........................................................................ 8 </p><p>3.3 Qualifications ........................................................................................... 8 </p><p>3.4 Council Elections .................................................................................... 10 </p><p>3.5 Call for Nominations ............................................................................... 10 </p><p>3.6 Election Method ..................................................................................... 10 </p><p>3.7 Meetings of the Council .......................................................................... 10 </p><p>3.8 Voting ..................................................................................................... 11 </p><p>3.9 Written Resolutions ................................................................................ 13 </p><p>3.10 Quorum .................................................................................................. 13 </p><p>3.11 Vacancies ............................................................................................... 13 </p><p>3.12 Removal of Council Members ................................................................ 13 </p><p>3.13 Remuneration of Council Members ........................................................ 13 </p><p>3.14 Disclosure of Interest ............................................................................. 14 </p><p>3.15 Responsibility for Acts ............................................................................ 14 </p><p>3.16 Officers................................................................................................... 14 </p><p>3.17 Committees of the Council ..................................................................... 15 </p><p>3.18 Other Committees .................................................................................. 16 </p><p>3.19 Local Committees, District and Student Associations ............................. 17 </p><p>4. MEMBERSHIP .................................................................................................. 17 </p></li><li><p>BYLAWS </p><p>ii </p><p>4.1 Admission .............................................................................................. 17 </p><p>4.3 Classes .................................................................................................. 17 </p><p>4.4 Associates .............................................................................................. 18 </p><p>4.5 Repealed June 18, 2014 ........................................................................ 18 </p><p>4.6 Fellows ................................................................................................... 18 </p><p>4.7 Life Members ......................................................................................... 19 </p><p>4.8 Honorary members ................................................................................ 19 </p><p>4.9 Recognition of Specialists ...................................................................... 20 </p><p>4.10 Member Contact Obligations .................................................................. 20 </p><p>4.11 Member Name ....................................................................................... 21 </p><p>4.12 Bankruptcy or Insolvency ....................................................................... 21 </p><p>4.13 Professional Liability Insurance .............................................................. 21 </p><p>4.14 Professional Development ..................................................................... 21 </p><p>4.15 Register ................................................................................................. 22 </p><p>4.16 Membership Certificates ......................................................................... 22 </p><p>4.17 Firms ...................................................................................................... 22 </p><p>4.18 Resignation ............................................................................................ 23 </p><p>4.19 Suspension of Membership .................................................................... 23 </p><p>4.20 Revocation of Membership ..................................................................... 24 </p><p>4.21 Appeals .................................................................................................. 24 </p><p>4.22 Dues ...................................................................................................... 25 </p><p>4.23 Readmission .......................................................................................... 25 </p><p>4.24 Liability of Members ............................................................................... 25 </p><p>4.25 Consent to Disclosure ............................................................................ 25 </p><p>4.26 Legacy Member Rights .......................................................................... 26 </p><p>5. MEETINGS OF THE MEMBERS ....................................................................... 27 </p><p>5.1 Annual Meeting ...................................................................................... 27 </p><p>5.2 General Meeting..................................................................................... 27 </p><p>5.3 Notice of Meetings ................................................................................. 28 </p><p>5.4 Council Members ................................................................................... 28 </p><p>5.5 Quorum .................................................................................................. 28 </p><p>5.6 Voting by Members ................................................................................ 28 </p><p>5.7 Proxies ................................................................................................... 29 </p><p>5.8 Show of Hands ....................................................................................... 29 </p><p>5.9 Chair ...................................................................................................... 29 </p><p>5.10 Polls ....................................................................................................... 29 </p><p>5.11 Adjournments ......................................................................................... 30 </p><p>5.12 Conduct of Meetings .............................................................................. 30 </p><p>6. STUDENTS AND APPLICANTS ........................................................................ 30 </p><p>6.1 General .................................................................................................. 30 </p><p>6.2 Registration ............................................................................................ 30 </p><p>6.3 Conduct ................................................................................................. 31 </p><p>6.4 Deregistration ......................................................................................... 31 </p><p>6.5 Requirements ......................................................................................... 31 </p><p>6.6 Appeal .................................................................................................... 32 </p></li><li><p>BYLAWS </p><p>iii </p><p>6.7 Training Offices ...................................................................................... 32 </p><p>6.8 Consent to Disclosure ............................................................................ 32 </p><p>7. STANDARDS OF THE PROFESSION ............................................................... 32 </p><p>7.1 Standards of Conduct ............................................................................ 32 </p><p>7.2 Deemed Knowledge of Firms ................................................................. 33 </p><p>7.3 Complaints ............................................................................................. 33 </p><p>7.4 Professional Conduct Committee ........................................................... 33 </p><p>7.5 Reviewer of Complaints ......................................................................... 33 </p><p>7.6 Discipline Committee ............................................................................. 34 </p><p>7.7 Appeal .................................................................................................... 34 </p><p>7.8 Public Notice .......................................................................................... 35 </p><p>8. CUSTODIANSHIP AND CAPACITY ................................................................... 35 </p><p>8.1 Custodianship ........................................................................................ 35 </p><p>8.2 Capacity Investigation ......................................................................... 35 </p><p>8.3 Capacity Committee ............................................................................... 36 </p><p>8.4 Appeals .................................................................................................. 36 </p><p>9. PUBLIC ACCOUNTING LICENCES .................................................................. 36 </p><p>9.1 Entitlement ............................................................................................. 36 </p><p>9.2 Requirement of a Licence or Certificate ................................................. 36 </p><p>9.3 Issuance of New Public Accounting Licence ........................................... 37 </p><p>9.4 Renewal of Public Accounting Licence ................................................... 37 </p><p>9.5 Discretion in Issuance and Renewal of Licence ..................................... 37 </p><p>9.6 Issuance and Renewal of a Certificate of Authorization .......................... 37 </p><p>9.7 Loss of Licence or Certificate of Authorization ........................................ 38 </p><p>9.8 Required Disclosures by Public Accountants .......................................... 38 </p><p>9.9 Public Accounting Licensing Board......................................................... 38 </p><p>9.10 Membership Committee ......................................................................... 38 </p><p>9.11 Consent to Disclosure of Information and Documentation ...................... 38 </p><p>9.12 Mandatory Registration with the Canadian Public Accountability Board . 38 </p><p>10. PRACTICE INSPECTION .................................................................................. 39 </p><p>10.1 Practice Inspection Program .................................................................. 39 </p><p>10.2 Powers ................................................................................................... 39 </p><p>11. MEMBER SERVICES ........................................................................................ 39 </p><p>11.1 Programs ............................................................................................... 39 </p><p>11.2 Practice Advisory .................................................................................... 40 </p><p>12. INSURANCE AND INDEMNIFICATION ............................................................. 40 </p><p>12.1 Insurance ............................................................................................... 40 </p><p>12.2 Liability Exclusion ................................................................................... 41 </p><p>12.3 Indemnification ....................................................................................... 42 </p><p>13. DOCUMENTS AND FINANCIAL MATTERS ...................................................... 43 </p><p>13.1 Cheques, Drafts, Notes, Etc. .................................................................. 43 </p><p>13.2 Execution of Documents ........................................................................ 43 </p><p>13.3 Books and Records ................................................................................ 44 </p><p>13.4 Retention of Documents ......................................................................... 44 </p><p>13.5 Banking .................................................................................................. 44 </p></li><li><p>BYLAWS </p><p>iv </p><p>13.6 Deposit of Securities .............................................................................. 44 </p><p>13.7 Borrowing ............................................................................................... 45 </p><p>13.8 Specific Borrowing Authority ................................................................... 45 </p><p>13.9 Investments ............................................................................................ 45 </p><p>13.10 Affiliations ............................................................................................... 45 </p><p>13.11 Grants and Donations ............................................................................ 46 </p><p>13.12 Financial Year ........................................................................................ 46 </p><p>13.13 Auditors .................................................................................................. 46 </p><p>14. NOTICE ............................................................................................................. 46 </p><p>14.1 Method of Notice .................................................................................... 46 </p><p>14.2 Computation of Time .............................................................................. 47 </p><p>14.3 Omissions and Errors ............................................................................. 47 </p><p>14.4 Electronic Mai...</p></li></ul>

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