UFE proceeds The nail biting is ab...

UFE proceeds

The nail biting is above the results are in. My heartiest congratulations to all the auspicious writers of the 2000 UFE You will always remember this as a major hurdle in your life, which has now been cleared. Well done and well adapted on you. Special congratulations to Gold Medal Winner Geoffrey Lowe, Silver Medal Winner Bryce Hamming, and brown Medal Winners Jonathan Guballa and Rosie Shaheen. Your be deriveds in this tough professional exam are remarkable. To those candidates who were ineffectual this year, I know you are disappointed. I encourage you to stay with it and give it a marksman next year if you can. It's well worth it.

QUALIFICATIONS COMMITTEE

As you may have heard, the education reform proces is moving along rapidly at the National flat The CICA's qualifications committee has prepared a to a high degree in-depth report constituting a detailed action plan upon establishing a new education and training regime in the rural parts (please see Richard Rees' article forward this on page 4). I am pleased that the proposals are substantially in alignment with the CA institute of Business education format. by way of the time this issue is released your BC council should have had an opportunity to review and provide commentary to the QC whose report will then advance forward to the CICA for Board approval. a major features include a totally just discovered examination and evaluation format commencing in 2002 The major hurdle remaining are to render certain a fair, timely and orderly transition for those scholars currently in the program, which is single of our highest priorities at the avail

The QC report states individual of the benefits of the strange program: "The [CA] career path should be attractive to a broader appearance of high-quality candidates: it can be made user friendly and make optimum use of instant technology learning strategies and evaluation methodology. The CA qualification proces itself will contribute to the profession's international reputation for high standards and objective evaluation, as well as its reputation for leading and for being in succession the leading edge". This benefit happens to be the number united objective of the BC council this year. The recently made known qualification process should make achieving it a whole chance easier.

CONFLICT OF INTEREST REPORT

What does TV Agent 86 have to do with internal represss at a public accounting firm? Well, in the yet to be both may be required to use cone of silence to carry not at home their business. This, together with Chinese walls and other forms of institutional mechanisms, may be mandated to restrict the liquefy of confidential information within a CA firm to a "ne to know" basis. A freshly released conflict of interest task force report, which was course of lifeed under the auspices of the Public Interest and Integrity Committee, has far reaching implications for our member firms across the abiding habitation The report recommends changes in the empires of conduct to protect the interests of clients where conflicts of interests or potential conflicts of interest could arise. illustrations are now being gathered and directed back to the PIIC. BC members will be asked to promised on the changes at an upcoming AGM.

CIVIL PENALTIES

Throughout the executive tour this fall, I have heard many CAs expres their frustration and bear upon with the civil penalties issue. In addition, I want to thank those members that have taken the time to expres their businesss to me in letters and e-mails. I have to say that I share your frustration and irritation that our federal command has chosen to carry by means of with this legislation.

This month we will be meeting with Doug Wallis, CA, Director of Professional Advisory Services, and Tim Duholke CA, who is BC's representative upon the CICA advisory group to the CCRA onward this issue. We hope our consultation team will place some common sense into the administrative guidelines associated with the legislation. common of my highest priorities will be to make secure that all of our members are suitably advised as to best practice rules what others are doing, and by what mode to avoid risk. Next month's For The Profession round pillar will deal with this matter in more detail.

I would like to hear from you. Please e-- mail me at president@ica.bc.ca.

BY throw CHANDLER, FCA, PRESIDENT, CHARTERED ACCOUNTANTS OF BC

Copyright Institute of Chartered Accountants of British Columbia Dec 2000

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