What's New?

Media Release!!

- Canadian Accounting Standards Board Confirms Changeover Date to IFRS
- Canada's CAs Call Firm IFRS Commencement Date Good News


Meet your new FCA!


Blair R. MacDonald, FCA
Saint John, NB


Professional Liability Insurance - REMINDER

Effective January 1, 2008, the professional liability insurance bylaw increases the minimum level of insurance coverage for public practitioners from $250,000 to $1,000,000.

The bylaw does not provide any exemptions from this mandatory coverage for part-time practitioners.

If your policy is up for renewal AFTER January 1, 2008, we strongly urge you to increase your limit with your insurance provider in order to be in compliance with this bylaw.

If you have any questions, please contact Jack Blackier, LL.B., FCA, at 634-1589 or via email at jackblackier@nb.aibn.com.


Members approve expansion of CA qualifying experience


To All Members of the New Brunswick Institute of Chartered Accountants:

The New Brunswick Securities Commission intends to publish National Instrument 31-103 (NI 31-103) for comment. NI 31-103 presents some significant changes to securities law in New Brunswick that may potentially affect individuals and firms who previously had not been regulated.

One of the main changes contemplated by NI 31-103 is the regulation of the exempt market dealer. Currently, an unregistered person is at liberty to trade securities that are exempt from the prospectus requirement. NI 31-103 would require those who trade in the exempt market to be registered with the New Brunswick Securities Commission. In order to be registered, the person trading in exempt market securities would have to meet certain requirements relating to proficiency, capital, and bonding.

A copy of NI 31-103 will be made available on the New Brunswick Securities Commission website (www.nbsc-cvmnb.ca) at the commencement of the comment period which begins at the end of February. We welcome and invite comments from all Members.


Mandatory Professional Development


Revision to Council Resolution re: Payment of Fees, Charges and Special Assessments


Standards and Guidance on the CICA Home Page.


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