Bill ID 5569 (Legislature 18, Session 1)

L18 S1 5569

Alberta — Bills

1975 Bill PR 4 (Second Session) First Session, 18th Legislature, 24 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL PR 4

AN ACT TO' INCORPORATE THE INSTITUTE OF ACCREDITED PUBLIC ACCOUNTANTS OF ALBERTA MR. DIACHUK First Reading ................ . Second Reading ....... . Third Reading ........................ . Printed by the Queen's Printer for the Province of Alberta, EDMONTON

Preamble

Short title

Definitions Incorpora tion Head office Bill PR 4- Mr. Diachuk BILL PR 4 1975 (Second Session)

AN ACT T'O IN'CORPORATE THE IN'STlrUTE: OF ACCREDITED PUBLIC ACCOUNTANTS OF ALBERTA (Assented to , 1975)

WHEREAS the persons hereinafter named have by their Petition prayed that it be enacted as hereinafter set forth and it.is expedient to grant the prayer of the Petition.

NOW THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as: The Accredited Public Accountants of Alberta Act. 2. In this Act, (a) "by-law" means a by-law passed by the Board; (b) "Board" means the board of directors of the Insti tute; (c) "Institute" means The Institute of Accredited Public Accountants of Alberta incorporated under this Act; (d) "member" means a member of the Institute and includes a certificated member of the Institute and a student member of the Institute. 3. John E. Logan, Ralph A.

Siebring, Nels Partin, J. Albert Barrie, J. Clayton Givens, James M. Parsons and Archibald F. Wilson, all of the Province of Alberta, Ac countants, and such other persons as now have or hereafter may acquire membership in the Institute, are hereby con stituted a body corporate under the name: "The Institute of Accredited Public Accountants of Alberta." 4. The head office of the Institute shall be at the City - of Calgary or such other place within Alberta as the Board may by by-law from time to time determine.

Objects and purposes of Institute Power to hold property The Board First Board Election of Board Officers 5. The objects and purposes of the Institute are (

a) to provide an organization for accountants and auditors, and for student accountants and student audi~ors, with a view to promoting and advancing the Interests of the profession of accountancy; (

b) to co-operate with, assist, and receive assistance from any organization within Canada or elsewhere having like or similar aims and objects; (

c) to improve the skill, knowledge and proficiency of its members, by providing facilities for study and research and by disseminating specialized know ledge and training among ,its members; (

d) to do such other lawful things as are incidental or conducive to the attaining of the above objects or any of them; 6. The Institute may acquire, hold, dispose of and other wise deal with real and personal property necessary for its objects and purposes. 7.

(1) The business and affairs of the Institute shall be managed by a board of directors consisting of not less than five and not more than fifteen members, to be consti tuted in such manner as may be provided by by-law.

(2) Until the first annual meeting of the members of the Institute the Board shall be composed of the persons named in

Section 3.

(3) At the first and subsequent annual meetings the members of the Board shall be elected by ballot and shall continue in office until their successors are elected. s. (1) The Board shall elect from among its members a president, a vice-president, a secretary and a treasurer, and such additional or other officers as may be provided by the by-laws.

(2) Until the first annual meeting of the members of the Institute the said John E. Logan shall be the president, the said Ralph A. Siebring shall be the vice-president, the said Nels Partin shall be the secretary and the said Nels Partin shall be the treasurer. 9. The first annual meeting of the members of the In stitute shall be held not later than the 31st day of December, 1975 and an annual meeting shall be held in each year there after at such time and place as may be fixed in the by-laws. 2

ay-laws Membership Certificated members Student members Qualifica tions for membership 10.

(1) The Board tnay pass by-laws for the carrying out of the objects and powers of the Institute and, without limiting the generality of the foregoing, may by such by laws provide for (

a) the terms and conditions of membership in the Institute; (

b) the discipline, suspension and expulsion of its mem bers; (

c) the powers and duties of the officers of the Insti tute; (

d) the curriculum and course of study to be pursued by student members and the subjects on which examinations shall be taken; (

e) the appointment of examiners, the defining of their duties and the fixing of their remuneration; (

f) the time and plaee of the annual meetings of the members; (

g) the procedure to be adopted at meetings of the Institute and of the Board;

(2) Every such by-law unless in the meantime confirmed at a general meeting of the Institute called for the purpose of considering the same has force only until the next annual meeting and in default of confirmation thereat ceases to be in force.

(3) A by-law passed by the Board may be repealed, amended, varied or otherwise dealt with by the Institute at an annual meeting or at a special meeting called for the purpose. 1.1.. Membership in the Institute shall be of two classes: namely, certificated membership and student membership. 1.2. A certificated member of the Institute shall be known as and styled: "Accredited Public Accountant"; and may affix to his name the words "Accredited Public Ac countant" or the initials thereof "A.P.A." 1.3.

A student member shall be entitled to such privileges and rights, and be subject to such obligations, in the In stitute as the by-laws may from time to time provide; but no student member shall be entitled to vote at a meeting of the Institute. 1.4. Under such terms and conditions as the Board may by by-law prescribe, certificated membership in the Insti tute shall be open to: (

a) any resident of Alberta who is an accredited mem ber in good standing of the association known as 3

Qualifica tions for student membership Examina tions Membership fces and assessments Special assessments Fees and assessments to be a debt Liability of members The register Register as evidence of membership "The Institute of Accredited Public Accountants" incorporated by charter of the Government of Canada; (

b) those whose knowledge and ability, experience, con duct, moral, ethical and financial qualifications are at least at par with those mentioned under

Section 14., subsection (

a) and whose application has been approved by the Board; 1-5. Student membership in the Institute shall be open to such persons as the Board may determine and under such terms and conditi'Ons as the by-laws may prescribe. 16. The Institute may establish lectures and classes for members and may enter into agreements with the governing body of any university or college in Canada for the at tendance of members at such lectures or classes in such university or colleQ"e as may come within the course of subjects prescribed by the by-laws of the Institute. 1-7.

(1) The Board may fix an entrance fee and an annual fee to be paid by members of each class, and may from time to time vary the amount of such fees.

(2) The Board may from time to time fix such special assessments as it may deem necessary or advisable to be paid by members of any class; but no such assessment shall be recoverable until c'Onfirmed by a vote of the members at an annual or at a special general meeting called for the purpose.

(3) All fees and assessments fixed by the Board under authority of this Act may be recovered as debts due to the Institute. 1-8. No member shall be liable for any debt of the Insti tute beyond the amount of his unpaid fees and assessments. 1-9. The Board shall cause to be kept by one of its 'Offi cers a register, in which shall be entered the names of all certificated members of the Institute in good standing; and those persons only whose names are entered in the register shall be entitled to the privileges of certificated membership in the Institute. 20. The register for which provision is made in

section 19 shall be prima facie evidence in all courts in Alberta that the pers'Ons whose names are entered therein are 4

Prohibitions Right to practice as accountant or auditor Penalty Coming into force certificated members of the Institute in good standing; and the absence of the name of any person from the register shall be prima facie evidence that he is not a certificated member of the Institute. 21. No person unless he is a certificated member of the Institute and registered as such may (

a) take or use the designation: "Accredited Public Accountant"; or (

b) use in connection wIth his business, occupation, or calling, the initials "A.P.A." either along or in combina tion with any other initial or initials, word or words, or any other initials, names, titles or description, implying in any such case that he is a member of the Institute. 22. N'Othing in this Act shall affect or interfere with the right 'Of any person wh'O is not a member of the Institute to practice as an acc'Ountant or auditor in Alberta. 23. Any person who contravenes any of the provisions 'Of

Section 21 shall be guilty of an offence and liable on

summary conviction, for every such contraventi'On, to a fine not exceeding One Hundred Dollars. 24. This Act comes into force on the day upon which it is assented to. 5 Title: 1975 (18th, 1st) Bill Pr4,

An Act to Incorporate the Institute of Accredited Public Accountants of Alberta

Document details

Collection	Alberta — Bills
Citation	L18 S1 5569
Type	bill
Volume / chapter	L18 S1 5569
Language	en
Format	json
Source	PROVINCIAL
Identifier	859b1cdff17fa6198ca168a119e7fbaab59a3c07

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