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     Alberta Regulation 173/2001

     Municipal Government Act

     LETHBRIDGE REGIONAL WATER SERVICES
     COMMISSION REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 360/2001) on September 13,
2001 pursuant to section 602.02 of the Municipal Government Act.


     Table of Contents

Establishment  1
Members   2
Services  3
Operating deficits  4
Sale of property    5
Profit and surpluses     6
Approval  7
Transfer of assets  8

Schedule


Establishment
1   A regional services commission known as the Lethbridge Regional Water
Services Commission is established.


Members
2   The following municipalities are members of the Commission:

     (a)  the County of Lethbridge;

     (b)  the Town of Coaldale.


Services
3   The Commission is authorized to provide water services.


Operating deficits
4   The Commission may not assume operating deficits that are shown on the
books of either of the member municipalities.


Sale of property
5(1)  The Commission may not, without the approval of the Minister, sell
any of its land, buildings, equipment or inventory whose purchase has been
funded wholly or partly by grants from the Government of Alberta.

(2)  The Minister may not approve a sale under subsection (1) unless the
Minister is satisfied

     (a)  as to the repayment of the grants from the Government of
Alberta and outstanding debt associated with that portion of the land,
buildings, equipment or inventory to be sold,

     (b)  that the sale would not have a significant adverse effect on
the services the Commission provides, and
     
     (c)  that the sale will be properly reflected in the rates
subsequently charged to the customers of the Commission.


Profit and surpluses
6   Unless otherwise approved by the Minister, the Commission may not

     (a)  operate for the purposes of making a profit, or

     (b)  distribute any of its surpluses to its member municipalities.


Approval
7   The Minister may make an approval under section 5 or 6 subject to any
terms or conditions the Minister considers appropriate.


Transfer of assets
8   The member municipalities shall execute all documents and do all things
necessary to transfer to the Commission the property, assets and
liabilities in the Schedule to this Regulation.


     SCHEDULE OF PROPERTY,
     ASSETS AND LIABILITIES

Transferor                                                  Transferred Asset or Liability

County of Lethbridge                         Water Services Agreement
with the 
Town of Coaldale                             City of Lethbridge made as
of April 5, 2000

County of Lethbridge                         Grant Agreement with the
Province (Minister of Agriculture, Food and Rural Development) made
February 1, 2001

County of Lethbridge                         Plan 9913209
                                                            Block 2
                                                            Lot
1
                                                            Excepting Thereout All Mines and Minerals

County of Lethbridge                         Plan 0013201
                                                            Block 1
                                                            Lot
1
                                                            Excepting Thereout All Mines and Minerals

County of Lethbridge                         All equipment and assets
including,
Town of Coaldale                             but not limited to, all
water mains, metering facilities and associated piping to comprise the
works of the Commission  located between the point of connection with the
City of Lethbridge Water System on the lands legally described as NW
10-9-21-W4 and the point of delivery to the Town of Coaldale on the east
side of the Pressure Reducing Station located on the lands legally
described as NW 9-9-20-W4.


     ------------------------------

     Alberta Regulation 174/2001

     Municipal Government Act

     NORTH PEACE REGIONAL LANDFILL COMMISSION REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 361/2001) on September 13,
2001 pursuant to section 602.02 of the Municipal Government Act.


     Table of Contents

Establishment  1
Members   2
Services  3
Operating deficits  4
Sale of property    5
Profit and surplus  6
Conditions     7


Establishment
1   A regional services commission known as the North Peace Regional
Landfill Commission is established.


Members
2   The following municipalities are members of the Commission:

     (a)  Town of Fairview;

     (b)  Village of Hines Creek;

     (c)  Municipal District of Fairview No. 136;

     (d)  Municipal District of Clear Hills No. 21.


Services
3   The Commission is authorized to provide solid waste management
services.


Operating deficits
4   The Commission may not assume operating deficits that are shown on the
books of any of the member municipalities.


Sale of property
5(1)  The Commission may not, without the approval of the Minister, sell
any of its land, buildings or personal property the purchase of which has
been funded wholly or partly by grants from the Government of Alberta.

(2)  The Minister may not approve a sale under subsection (1) unless the
Minister is satisfied

     (a)  as to the repayment of grants from the Government of Alberta
and outstanding debt associated with that portion of the land, buildings or
personal property to be sold,

     (b)  that the sale would not have a significant adverse effect on
the services the Commission provides, and

     (c)  that the sale will be properly reflected in the rates
subsequently charged to the customers of the Commission.


Profit and surplus
6   Unless otherwise approved by the Minister, the Commission must not

     (a)  operate for the purpose of making a profit, or

     (b)  distribute any of its surplus to its member municipalities.


Conditions
7   The Minister may make an approval under section 5 or 6 subject to any
terms or conditions that the Minister considers appropriate.


     Alberta Regulation 175/2001

     Cemeteries Act

     EXEMPTION AMENDMENT REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 363/2001) on September 13,
2001 pursuant to section 60 of the Cemeteries Act.


1   The Exemption Regulation (AR 236/98) is amended by this Regulation.


2   The title of the Regulation is repealed and the following is
substituted:

     CEMETERIES EXEMPTION REGULATION


3   The following is added after section 3:

Bow City Community Hall
3.1(1)  The Bow City Community Hall is exempt from sections 4 and 53 of the
Act for the purposes of permitting the Bow City Community Hall to establish
and operate a cemetery on the land legally described as follows:

     Plan 0110067, Lot 1
     
(2)  Except for sections 4 and 53 of the Act, all the provisions of the Act
and the regulations under the Act apply to the Bow City Community Hall and
in respect of the cemetery referred to in subsection (1) and its operation.


     ------------------------------

     Alberta Regulation 176/2001

     Regulated Accounting Profession Act

     CERTIFIED GENERAL ACCOUNTANTS REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 369/2001) on September 13,
2001 pursuant to section 14 of the Regulated Accounting Profession Act.


     Table of Contents

Definitions    1

     Part 1
     Registration

     Division 1
     Students and Members: General Registration

Evidence provided on registration  2

     Division 2
     Registration of Students

Student applicant   3
Continuation of registration as a student    4
Cancellation of registration of student 5

     Division 3
     Registration of and Requirements for Members

Requirements for registration by student     6
Academic requirements    7
Practical experience requirements  8
Requirements for members of a provincial affiliate     9
Requirements for applicants from recognized accounting
  organizations     10
Requirements for registration under section 35(2)(c) of the Act  11
Continuance of registration as a member 12
Continuing education requirements  13
Continuing education reports  14

     Division 4
     Reinstatement

Reinstatement of registration 15

     Division 5
     Use of Titles, Abbreviations and Initials

Certified general accountant  16

     Division 6
     Professional Corporations

Continuance of registration as a professional corporation   17

     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public
  accounting firms  18
Registration of certified general accountants as public
  accounting firms  19
Registration of other persons or firms as public
  accounting firms  20
Continuance of registration as a public accounting firm     21

     Division 8
     Limited Liability Partnerships

Limited liability partnerships     22

     Division 9
     Professional Service Providers

Who must register   23
Information to be provided on registration   24
Continuance of registration as a professional service provider   25

     Division 10
     Categories of Registrants

Categories of registrants     26
SRA auditors   27

     Part 2
     Public Information

Maintenance of information    28

     Part 3
     Practice Review

Practice review     29

     Part 4
     Transitional Provisions

Limitation on investigated parties 30

     Part 5
     Miscellaneous

Electronic information   31
Repeal    32


Definitions
1(1)  In this Regulation,

     (a)  "Act" means the Regulated Accounting Profession Act;

     (b)  "affiliation agreement" means an agreement that establishes the
terms on which the Board recognizes a provincial affiliate or a recognized
accounting organization;

     (c)  "Board" means the Board of Governors of the Certified General
Accountants' Association of Alberta;

     (d)  "incident" means any alleged occurrence, error, omission or
negligent act in rendering or failing to render professional services which
any reasonable person would expect to give rise to a claim;

     (e)  "NEC" means the National Education Committee of the Certified
General Accountants Association of Canada as described in the affiliation
agreement among the provincial affiliates;

     (f)  "professional admission comprehensive examinations" means a
national examination or series of examinations on competence included in
the syllabus and approved by the Board;

     (g)  "provincial affiliate" means an association of certified
general accountants incorporated in a territory or province of Canada other
than Alberta that is a signatory to an affiliation agreement;

     (h)  "recognized accounting organization" means a professional
accounting organization

               (i)  recognized by the Board as having similar
regulatory objectives to the Association;

               (ii) that grants a professional accounting designation;

               (iii)     that has competence and practice standards
recognized by the Board as being substantially equivalent to those of the
Association;

     (i)  "SRA auditor" means a securities regulatory authority auditor;

     (j)  "syllabus" means the areas of study referred to in section
7(b).

(2)  The terms defined in section 1 and Schedule 2 of the Act have the same
meaning in this Regulation.


     PART 1
     REGISTRATION

     Division 1
     Students and Members: General Registration

Evidence provided on registration
2(1)  Each applicant for registration as a student or member of the
Association must provide evidence satisfactory to the registrar of

     (a)  being a Canadian citizen or a person lawfully permitted to work
or study in Canada, and

     (b)  having a good character and reputation.

(2)  In determining whether an applicant is of good character and
reputation, the registrar must consider whether the applicant

     (a)  has had a finding of unprofessional conduct or similar finding
made against the applicant by any professional organization, and any orders
made in consequence,

     (b)  has any outstanding complaints or discipline matters with any
professional organization with which the applicant is or has been
registered,

     (c)  has been convicted of a criminal offence in any country,

     (d)  has any outstanding charges under the criminal law of any
country,

     (e)  has been found guilty of contravening a section of securities
regulatory or taxation authority legislation,

     (f)  has been subject to any of the bankruptcy or insolvency
provisions of the Bankruptcy and Insolvency Act (Canada) or similar
legislation in another jurisdiction, and

     (g)  has been found guilty of a breach of a code of conduct or an
academic infraction at any post-secondary education institution.

(3)  In addition to the matters referred to in subsections (1) and (2), the
registrar must consider

     (a)  any character references,

     (b)  information on steps taken to overcome and evidence that the
applicant has overcome the competence or ethical issues related to
subsection (1) or (2), and

     (c)  any mitigating factors provided by the applicant.


     Division 2
     Registration of Students

Student applicant
3(1)  An applicant for registration as a student must provide to the
registrar

     (a)  evidence satisfactory to the registrar that the applicant 

               (i)  is at least 21 years old and has a minimum 2 years
of work experience, or

               (ii) has graduated from grade 12 with senior
matriculation in Alberta or with the substantially equivalent education
from a secondary school as determined by the registrar,

     and

     (b)  official transcripts of any relevant secondary and
post-secondary education.

(2)  In addition to the requirements referred to in subsection (1), an
applicant must provide to the registrar at the time of application a
declaration

     (a)  respecting the information required under section 2;

     (b)  agreeing to comply with the provisions of the Act, this
Regulation, the by-laws, the Code of Ethics and Rules of Professional
Conduct and the Association's student policy approved by the Board.


Continuation of registration as a student
4   Registration as a student continues in effect if the registrant
provides to the registrar, in a timely manner,

     (a)  a description of practical experience in the form and at the
times prescribed by the registrar,

     (b)  any changes to the information required to be provided to the
registrar under the Act, regulations and by-laws, and

     (c)  on request of the registrar, satisfactory evidence of continued
compliance with conditions imposed by the registrar.


Cancellation of registration of student
5   A student's registration will be cancelled if the student fails to meet
the grade or performance requirements on courses and examinations within
the number of attempts or time limits determined by the Board.


     Division 3
     Registration of and Requirements
     for Members

Requirements for registration by student
6(1)  An application for registration as a member of the Association by a
student who is not registered as a member by another provincial affiliate
or recognized accounting organization must be accompanied by evidence
satisfactory to the registrar that the following requirements have been
met:

     (a)  the academic requirements under section 7;

     (b)  the practical experience requirements under section 8;

     (c)  the grade and performance requirements prescribed by the Board
on the professional admission comprehensive examination.

(2)  An application for registration under this section must be made within
12 months of completing the requirements referred to under this section.

(3)  The registrar may grant extensions to the time periods in subsection
(2) on the written request of the applicant.


Academic requirements
7   For purposes of section 6(1)(a), the academic requirements consist of

     (a)  completion of a degree approved by the registrar from a degree
granting institution acceptable to the registrar;

     (b)  meeting the grade or performance requirements prescribed by the
Board on courses and examinations prescribed by the Board, which may
include the following areas:

               (i)  financial accounting;

               (ii) management accounting;

               (iii)     assurance services;

               (iv) finance;

               (v)  management information systems;

               (vi) taxation;

               (vii)     professional accounting applications;

               (viii)    business, ethics and management.


Practical experience requirements
8(1)  An applicant under section 6(1)(b) requires a period of practical
experience of 36 months in a full-time position or equivalent part-time
position in which the applicant demonstrates the practical application of
competencies in the syllabus.

(2)  The Board must establish the standard at which the applicant is
required to demonstrate the practical application of the competencies in
the syllabus.

(3)  The registrar will determine if the practical experience requirement
established by the Board has been met by the applicant.

(4)  Notwithstanding subsection (1), the registrar may in its discretion
reduce the period of experience to a minimum of 24 months if the registrar
determines the experience requirement under subsection (3) has been met.


Requirements for members of a provincial affiliate
9(1)  For the purpose of section 35(2)(b) of the Act, if the applicant for
registration as a member of the Association is registered by a provincial
affiliate as a certified general accountant, the applicant must provide
satisfactory evidence to the registrar that the applicant is registered in
good standing with that provincial affiliate, and that the applicant

     (a)  has met the grade or performance requirements prescribed by the
NEC that were in effect at the time of admission to the provincial
affiliate, and

     (b)  has completed the practical experience requirements of the
provincial affiliate that were in effect at the time of admission to the
provincial affiliate.

(2)  An applicant who does not meet the requirements of subsection (1) may
provide evidence of competence in accordance with section 11 or meet the
requirements for registration as a student applicant under section 6.


Requirements for applicants from recognized accounting organizations
10(1)  For the purposes of section 35(2)(b) of the Act, if an applicant for
registration as a member of the Association is registered with a recognized
accounting organization, the applicant must provide evidence satisfactory
to the registrar that the applicant has met the competence requirements
referred to in section 35(1)(a) of the Act by providing evidence that the
applicant

     (a)  is registered in good standing with that recognized accounting
organization,

     (b)  has met the grade or performance requirements and examination
requirements of the recognized accounting organization that were in effect
at the time of admission to that accounting organization,

     (c)  has completed any other course or examination requirements that
the Board determines are necessary to insure the applicant has the
competence required to practise as a certified general accountant in
Alberta, and

     (d)  has completed the practical experience requirements of the
recognized accounting organization that were in effect at the time of
admission to that accounting organization.

(2)  An applicant who does not meet the requirements of subsection (1) may
provide evidence of competence in accordance with section 11 or meet the
requirements for registration as a student applicant under section 6.


Requirements for registration under section 35(2)(c) of the Act
11(1)  An applicant may provide evidence of competence under section
35(2)(c) of the Act by providing evidence satisfactory to the registrar of

     (a)  grades and performance achieved in academic, educational and
other relevant studies, that are substantially equivalent to the
requirements set out in section 7,

     (b)  practical experience of at least 36 months, including
documentation and examples of relevant accomplishments and abilities, that
are substantially equivalent to the requirements set out in section 8,

     (c)  membership in good standing with organizations relevant to the
accounting profession, the regulated standards and requirements of such
organizations and activities completed in such organizations,

     (d)  relevant professional development activities completed,

     (e)  other relevant qualifications, accomplishments, abilities and
competencies,

     (f)  areas of employment or practice within which the applicant
intends to be professionally active, and

     (g)  professional competence of the applicant, as it relates to the
areas of practice within which the applicant intends to be professionally
active.

(2)  For purposes of subsection (1), the evidence must be presented in
writing and may be supplemented by personal representations from the
applicant or from other individuals, at the request of the registrar.

(3)  For the purposes of assessing public accounting practice experience
where the applicant intends to engage in a public accounting practice, a
review of client files that is substantially equivalent to a practice
review required under Part 4 of the Act must be completed.

(4)  For purposes of assessing the evidence provided under subsection (1),
the registrar may direct that the applicant satisfactorily demonstrate
certain abilities and competencies through completion of courses or
examinations approved by the Board.

(5)  An applicant who does not meet the requirements of subsections (1) to
(4) may meet the requirement for registration as a student applicant under
section 6.


Continuance of registration as a member
12   For the purposes of section 51(1)(c) of the Act, registration as a
member of the Association continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information required to be provided to the
registrar under the Act, this Regulation and the by-laws,

     (b)  the report on continuing education required under section 14,
and

     (c)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the registrar.


Continuing education requirements
13(1)  Each member of the Association must complete the topics of study and
activities, the minimum number of credits in relation to those topics of
study and activities and the total number of credits prescribed by the
Board in order to maintain professional competence.

(2)  The registrar, in accordance with policy made by the Board, may grant
an exemption from the requirements prescribed under subsection (1).

(3)  For the purposes of subsections (1) and (2), the registrar may
recognize as continuing education any formal education or informal
education that in the registrar's opinion is appropriate.

(4)  For the purposes of subsection (3),

     (a)  "formal education" includes

               (i)  presentation or completion of courses and seminars
offered by entities recognized by the registrar, and

               (ii) any other form of educational activity recognized
by the registrar as formal education;

     (b)  "informal education" includes

               (i)  private reading, study or research,

               (ii) preparation for lectures or courses,

               (iii)     preparation of published articles or papers, and

               (iv) any other form of educational activity recognized
by the registrar as informal education.


Continuing education reports
14   Each member of the Association must

     (a)  submit annually, on or before the date prescribed by the
registrar and in the form prescribed by the registrar, a report containing

               (i)  a declaration that the member has complied with
section 13, or

               (ii) a declaration that section 13 does not apply to the
member,

     and

     (b)  keep, for 5 years, a record of continuing education completed
annually and, on request, provide to the registrar or its designate the
record and supporting documentation for reported credits.


     Division 4
     Reinstatement

Reinstatement of registration
15(1)  Unless otherwise provided in the Act, this Regulation or the
by-laws, an investigated party whose registration is suspended under Part 5
or 6 of the Act must be reinstated when the investigated party has
satisfied the discipline tribunal roster chair that the investigated party
has complied with the order governing the suspension made pursuant to Part
5 or 6 of the Act and any certificate must be reissued.

(2)  An applicant whose resignation was accepted under section 75(2) of the
Act or whose registration was cancelled under Part 5 or 6 of the Act must
comply with all orders or any conditions specified by the complaints
inquiry committee, discipline tribunal, appeal tribunal or Court of Appeal,
as the case may be, before being entitled to apply for reinstatement of
registration.

(3)  Unless otherwise provided in the Act or this Regulation, an
investigated party whose registration was cancelled under Part 5 or 6 of
the Act may not apply to the registration committee for reinstatement
within 2 years of the cancellation.

(4)  An applicant for reinstatement referred to in subsection (2) must

     (a)  comply with the requirements of this section;

     (b)  provide in the form prescribed by the registrar evidence
satisfactory to the registrar of meeting the requirements of section 2;

     (c)  meet any education requirements specified by the registrar;

     (d)  pay a reinstatement fee as provided by the resolutions;

     (e)  satisfy any other terms or conditions specified by the
registrar.

(5)  The registrar may order the reinstatement of a registration cancelled
under Part 5 or 6 of the Act or a registration resigned under section 75(2)
of the Act on such terms as the registrar may approve if all orders have
been complied with and any conditions set at the time of the cancellation
or resignation, as the case may be, have been met.

(6)  Sections 32 to 34 of the Act apply to all applications for
reinstatement of registration after cancellation or resignation.


     Division 5
     Use of Titles, Abbreviations
     and Initials

Certified general accountant
16(1)  Subject to the rules of professional conduct, only a certified
general accountant or public accounting firm registered under Part 3 of the
Act may use the names "Certified General Accountant", "Certified General
Accountants" or "computable g‚n‚ral accredit‚", "comptables g‚n‚ral
accr‚dit‚s", comptable g‚n‚ral licenci‚, or the initials "CGA".

(2)  Only a certified general accountant registered under Part 3 of the Act
who is authorized to do so by the Board may use the name "Fellow of the
Certified General Accountants" or "Fellow comptable agr‚‚s", "fellow de la
comptable g‚n‚ral accr‚dit‚", fellow de l'association de comptable g‚n‚raux
accr‚dite", "fellow de la comptable g‚n‚ral licenci‚", "fellow des
comptables g‚n‚raux accr‚dit‚s" or "fellow des comptables g‚n‚raux
licenci‚s" or the initials "FCGA".

(3)  The registrar may authorize a person or firm registered under section
50 of the Act to use the designation "Certified General Accountant" or
"CGA" in Alberta if such person or firm

     (a)  provides satisfactory evidence to the registrar that such
person or firm is allowed to use the designation "Certified General
Accountant" by another affiliate,

     (b)  completes an application in the form required by the by-laws,
and

     (c)  pays the application fees specified by the Board.

(4)  The registrar may set conditions on the use of the designation by
applicants whose applications are approved under subsection (3).

(5)  To continue to use the designation authorized under subsection (3),
the person or firm must

     (a)  provide to the registrar

               (i)  an annual filing establishing continued compliance
with conditions referred to in subsection (4), and

               (ii) immediate notification of any contravention of a
condition,

     and

     (b)  pay the annual fees prescribed by the Board.


     Division 6
     Professional Corporations

Continuance of registration as a professional corporation
17   For the purposes of section 51(1)(c) of the Act, registration as a
professional corporation continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 40 of the Act, and

     (b)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the registrar
on the registration.


     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public accounting firms
18(1)  For the purposes of section 46(3)(a) of the Act, a member of the
Association, a professional corporation or a partnership that provides the
services referred to in section 1(oo)(iv) or (vi) of the Act is not
required to register as a public accounting firm if annual gross revenue
from those services is less than $10 000.

(2)  A member of the Association, a professional corporation or a
partnership that provides the services referred to in section 1(oo)(iv) or
(vi) of the Act and that has annual gross revenue from those services equal
to or greater than $10 000, but less than $20 000, may apply to the Board
or its delegate for an exemption from registration as a public accounting
firm.


Registration of certified general accountants as public accounting firms
19   For the purposes of section 47(e) of the Act, an applicant for
registration as a public accounting firm must provide to the registrar

     (a)  the primary name under which the practice is conducted;

     (b)  the legal name of the public accounting firm;

     (c)  other names under which the practice is conducted;

     (d)  the names of any related business or practice;

     (e)  the firm's business address;

     (f)  a listing of the principals, partners, directors or
shareholders of the firm;

     (g)  a listing of the areas of professional practice the firm plans
to engage in;

     (h)  for each area of public accounting practice that the firm plans
to engage in, satisfactory current evidence that a certified general
accountant with the firm meets any education and experience requirements
prescribed by the Board;

     (i)  the name of any professional corporation related to or
affiliated with the firm.


Registration of other persons or firms as public accounting firms
20   For the purposes of section 50(2) of the Act, if an applicant for
registration as a public accounting firm is registered with a provincial
affiliate or recognized accounting organization that the Board recognizes
as having substantially equivalent competence and practice requirements,
the applicant must provide to the registrar, in addition to all information
required of a public accounting firm under section 47 of the Act and
section 19 of this Regulation, satisfactory evidence that 

     (a)  any person who is engaged in the applicant's public accounting
practice in Alberta

               (i)  meets the requirements of section 2, and

               (ii) demonstrates to the registrar that such person has
maintained competence,

     and

     (b)  the applicant

               (i)  has no outstanding complaints or discipline matters
with any professional organization with which the applicant is or has been
registered,

               (ii) is registered in good standing with that provincial
affiliate or recognized accounting organization,

               (iii)     is permitted, through that provincial affiliate or 
recognized accounting organization, to carry out a practice of public
accounting in that jurisdiction,

               (iv) has successfully completed a recent review of
client files that is substantially equivalent to a practice review required
under Part 4 of the Act, and

               (v)  would be permitted by that provincial affiliate or
recognized accounting organization to carry out the scope of practice that
the applicant intends to carry out while registered under section 50(2) of
the Act.


Continuance of registration as a public accounting firm
21   For the purposes of section 51(1)(c) of the Act, registration as a
public accounting firm continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 47 of the Act and sections 19 and 20 of this
Regulation, as applicable,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under the regulations
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed on the registration by the
registrar.


     Division 8
     Limited Liability Partnerships

Limited liability partnerships
22(1)  For the purpose of registration as an Alberta limited liability
partnership or an extra-provincial limited liability partnership under Part
2.1 of the Partnership Act, the applicant must provide satisfactory
evidence to the registrar that the partnership carries professional
liability insurance in an amount not less than

     (a)  $1 000 000 per incident for partnerships with fewer than 5
certified general accountants or professional corporations engaged in the
partnership's practice, and

     (b)  $2 000 000 per incident for partnerships with 5 or more
certified general accountants or professional corporations engaged in the
partnership's practice.

(2)  Notwithstanding subsection (1), a letter of credit, bond or other
protection against professional liability may be substituted for
professional liability insurance if it is

     (a)  in an amount not less than the professional liability insurance
which would be required under subsection (1), and

     (b)  in a form approved by, and otherwise acceptable to, the
registrar.

(3)  A partnership referred to in subsection (1) must provide annually to
the registrar satisfactory evidence of continued compliance with subsection
(1) or (2).


     Division 9
     Professional Service Providers

Who must register
23   A certified general accountant or student who meets the requirements
of section 48 of the Act must register as a professional service provider.


Information to be provided on registration 
24   For the purpose of section 49(d) of the Act, an applicant for
registration as a professional service provider must provide to the
registrar

     (a)  the primary name under which the professional service provider
practises,

     (b)  the legal name of the entity under which the professional
service provider practises,

     (c)  other names under which the practice is conducted,

     (d)  the applicant's business address,

     (e)  the applicant's areas of professional practice,

     (f)  a plan, acceptable to the registrar, of how the applicant will
maintain client files, so that each client file will be separate and
accessible for practice review purposes, and

     (g)  an undertaking, acceptable to the registrar, allowing the
Association access, for practice review purposes, to the working paper
files that evidence the work performed by the applicant.


Continuance of registration as a professional service provider
25   For the purposes of section 51(1)(c) of the Act, registration as a
professional service provider continues in effect if the registrant
provides to the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 49 of the Act and section 24 of this Regulation,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under the regulations
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed by the registrar.


     Division 10
     Categories of Registrants

Categories of registrants
26(1)  The following categories of members of the Association are
established:

     (a)  specialists who meet the requirements prescribed in the by-laws
and are approved by the registrar;

     (b)  suspended members;

     (c)  members engaged in a public accounting practice;

     (d)  members who have conditions or restrictions placed on their
registration.

(2)  The following categories of public accounting firms are established:

     (a)  limited liability partnerships;

     (b)  SRA auditors;

     (c)  part-time firms;

     (d)  suspended firms;

     (e)  firms that have conditions or restrictions placed on their
registration or practice.

(3)  The following categories of professional service providers are
established:

     (a)  professional service providers that have conditions or
restrictions placed on their registration or practice;

     (b)  suspended professional service providers.

(4)  The following categories of students are established:

     (a)  students who are professional service providers;

     (b)  students who have conditions or restrictions placed on their
registration;

     (c)  suspended students.


SRA auditors
27(1)  Only a public accounting firm approved as an SRA auditor may perform
an audit or review engagement for entities that are required to file
financial statements or financial information with a securities regulatory
authority.

(2)  The Board may establish additional education, experience and
professional liability insurance requirements to be met by an applicant for
approval as an SRA auditor.

(3)  The registrar must approve a public accounting firm as an SRA auditor
if the applicant meets the requirements prescribed by the Board.

(4)  If the applicant fails to meet the requirements established by the
Board, the Board may approve the application subject to conditions or
restrictions.

(5)  Approval as an SRA auditor continues if the public accounting firm
provides to the registrar

     (a)  an annual filing establishing continued compliance with
education, experience and professional liability insurance requirements and
any conditions or restrictions,

     (b)  immediate notification

               (i)  of any contravention of a condition or restriction,

               (ii) that the firm is subject to a follow-up practice
review,

               (iii)     that the firm or any member at the firm has been
found guilty of contravening the provisions of any securities legislation,

               (iv) that the firm or any member at the firm has been
discharged absolutely on conviction or after pleading guilty to
contravening the provisions of any securities legislation, or

               (v)  that the firm or any member at the firm has reached
a settlement with a securities regulatory authority regarding contravention
of the provisions of any securities legislation,

     and

     (c)  the annual fees prescribed by the Board.

(6)  The Board may place restrictions or conditions on a public accounting
firm's ability to practise as an SRA auditor if the firm does not meet the
education and experience requirements or is subject to a follow-up practice
review.


     PART 2

     PUBLIC INFORMATION

Maintenance of information
28   For the purposes of section 26 of the Act, the Association must
maintain information about registrants and former registrants for the
following periods of time:

     (a)  for at least 10 years for information respecting past
registration status, registration decisions on registrations that were
refused or conditions placed on registration or practice;

     (b)  for at least 10 years for information under section 28(1)(c) to
(f) of the Act;

     (c)  for at least 5 years for information respecting practice
speciality, professional corporations and the principals, partners,
directors or shareholders of a public accounting firm;

     (d)  for at least one year for any other relevant information
maintained in accordance with the Act, regulations or by-laws.


     PART 3

     PRACTICE REVIEW

Practice review
29   Public accounting firms and professional service providers that
provide any of the following services are subject to a practice review:

     (a)  assurance engagements;

     (b)  specified auditing procedures engagements;

     (c)  compilation engagements.


     PART 4

     TRANSITIONAL PROVISIONS

Limitation on investigated parties
30   Any limitation placed on an investigated party under a former Act is
deemed to be equivalent to a restriction imposed under the Act.


     PART 5

     MISCELLANEOUS

Electronic information
31   Where the Act, this Regulation, a by-law or a resolution requires

     (a)  information to be published, the publication may be in either
printed or electronic form, or

     (b)  information to be submitted in writing, the registrar may
accept the submission in electronic form.


Repeal
32   The General Regulation (AR 158/88) is repealed.


     ------------------------------

     Alberta Regulation 177/2001

     Regulated Accounting Profession Act

     CERTIFIED MANAGEMENT ACCOUNTANTS REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 370/2001) on September 13,
2001 pursuant to section 14 of the Regulated Accounting Profession Act.


     Table of Contents

Definitions    1

     Part 1
     Registration

     Division 1
     General Registration

Evidence provided on registration  2
Deadline for application as a certified management accountant    3

     Division 2
     Candidates and Executive Candidates

Application requirements 4
Continuance of registration   5
Cancellation of student registration    6

     Division 3
     Registration of and Requirements
     for Certified Management Accountants

Requirements for registration by student applicants    7
Academic requirements    8
Experience requirements  9
CMAs from provincial society  10
Other evidence of competence  11
Registration under section 35(2)(c)     12
Continuance of registration as a member 13
Post-designation learning     14
Reporting 15

     Division 4
     Reinstatement of Registration

Applications for reinstatement of registration    16

     Division 5
     Use of Titles, Abbreviations and Initials

Certified management accountant    17

     Division 6
     Professional Corporations

Continuance of registration as a professional corporation   18

     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public
  accounting firms  19
Registration of certified management accountants as public
  accounting firms  20
Continuance of registration as a public accounting firm     21

     Division 8
     Limited Liability Partnerships

Limited liability partnerships     22

     Division 9
     Professional Service Providers

Who must register   23
Professional services for purposes of sections 48(1)(a) and
  49(a) of the Act  24
Information to be provided on registration   25
Continuance of registration as a professional service provider   26

     Division 10
     Categories of Registrants

Categories of registrants     27
SRA auditors   28

     Part 2
     Public Information

Maintenance of information    29

     Part 3
     Practice Review

Practice review     30

     Part 4
     Transitional Provisions and Repeals

Limitation on investigated parties 31
Repeal    32


Definitions
1(1)  In this Regulation,

     (a)  "Act" means the Regulated Accounting Profession Act;

     (b)  "Board" means the Board of Directors of the CMAA;

     (c)  "candidate" means a student, other than an executive candidate,
who has complied with section 4(1);

     (d)  "CMA Canada" means the Board of Directors of the Society of
Management Accountants of Canada;

     (e)  "CMA entrance examination" means the examination as prescribed
that assesses knowledge of the syllabus;

     (f)  "executive candidate" means a student who has complied with
section 4(2);

     (g)  "incident" means any alleged occurrence, error, omission or act
in rendering or failing to render professional services that any reasonable
person would expect to give rise to a claim for negligence;

     (h)  "prescribed" means prescribed by the Board;

     (i)  "provincial society" means a society, order or other
association of certified management accountants incorporated in a territory
or province of Canada other than Alberta;

     (j)  "SLP" means the Strategic Leadership Program as prescribed that
constitutes the academic and work experience requirements for admission as
a member;

     (k)  "SRA auditor" means a securities regulatory authority auditor;

     (l)  "syllabus" means the program of study as prescribed that is
required for the CMA entrance examination and includes the following areas:

               (i)  management accounting;

               (ii) financial accounting;

               (iii)     process of management;

               (iv) computer systems;

               (v)  quantitative methods;

               (vi) legal dimensions of accounting;

               (vii)     international business;

               (viii)    marketing;

               (ix) operations management.

(2)  The terms defined in section 1 and Schedule 3 of the Act have the same
meaning in this Regulation.


     PART 1

     REGISTRATION

     Division 1
     General Registration

Evidence provided on registration
2(1)  Each applicant for registration as a candidate, executive candidate
or member of the CMAA must provide satisfactory evidence to the registrar
of

     (a)  being a Canadian citizen or a person lawfully permitted to work
or study in Canada, and

     (b)  having a good character and reputation.

(2)  In determining whether an applicant is of good character and
reputation, the registrar must consider whether the applicant

     (a)  has had a finding of unprofessional conduct or similar finding
made against the applicant by any professional organization, and any orders
made in consequence,

     (b)  has any outstanding complaints or discipline matters with any
professional organization with which the applicant is or has been
registered,

     (c)  has been convicted of a criminal offence in any jurisdiction,

     (d)  has any outstanding charges under the securities regulatory law
or the criminal law of any jurisdiction,

     (e)  has been convicted of contravening the securities regulatory
legislation of any jurisdiction,

     (f)  has been subject to any of the bankruptcy or insolvency
provisions under the Bankruptcy and Insolvency Act (Canada) or any similar
legislation of any other jurisdiction, and

     (g)  has been found guilty of a breach of a code of conduct or an
academic infraction at any post secondary education institution.

(3)  In addition to the matters referred to in subsections (1) and (2), the
registrar must consider

     (a)  any character references,

     (b)  information on steps taken to overcome and evidence that the
applicant has overcome the competence or ethical issues related to
subsections (1) and (2), and

     (c)  any mitigating factors provided by the applicant.


Deadline for application as a certified management accountant
3(1)  A candidate must apply for registration as a certified management
accountant within 5 years of the date of passing the CMA entrance
examination.

(2)  An executive candidate must apply for registration as a certified
management accountant within 3 years of the date of admission as an
executive candidate.

(3)  If an application for registration as a certified management
accountant is made outside the time period prescribed in subsection (1) or
(2), the registrar may consider the application and determine what
additional requirements, if any, are to be met for approval of the
application.


     Division 2
     Candidates and Executive Candidates

Application requirements
4(1)  An applicant for registration as a candidate must provide
satisfactory evidence to the registrar of having

     (a)  completed the syllabus,

     (b)  received a degree granted by a post-secondary institution as
prescribed, and

     (c)  completed the CMA entrance examination and met the grade
requirements as prescribed.

(2)  An applicant for registration as an executive candidate must provide
satisfactory evidence to the registrar of having

     (a)  received a degree granted by a post secondary institution, as
prescribed,

     (b)  at least 5 years' experience in a senior financial and
strategic management position authorized by the registrar, and

     (c)  completed the syllabus or another course of study as
prescribed.

(3)  An applicant under subsection (1) must apply for registration as a
candidate within 2 years of complying with subsection (1)(c).

(4)  An applicant under subsection (2) must apply for registration as an
executive candidate within 6 months of complying with or being exempted
from subsection (2)(c).

(5)  If an application for registration is made outside the time period
referred to in subsection (3) or (4), the registrar may consider the
application and determine what additional requirements, if any, are to be
met for approval of the application.


Continuance of registration
5(1)  For the purposes of section 51(1)(a) of the Act, registration as a
student continues in effect if the student

     (a)  achieves the minimum grade requirement in the SLP as
prescribed, and

     (b)  holds a full-time position approved by the registrar.

(2)  For the purposes of section 51(1)(c) of the Act, registration as a
student continues in effect if the student provides to the registrar,
within the time specified by the registrar,

     (a)  any changes to the information required to be provided to the
registrar under the Act, this Regulation and the by-laws, and

     (b)  on request of the registrar, satisfactory evidence of continued
compliance with conditions imposed by the registrar.


Cancellation of student registration
6   A student's registration will be cancelled if the student is no longer
eligible to become a member of the CMAA under this Regulation.


     Division 3
     Registration of and Requirements
     for Certified Management Accountants

Requirements for registration by student applicants
7(1)  An application for registration as a member of the CMAA by a
candidate must be accompanied by evidence satisfactory to the registrar
that the applicant has met the requirements under sections 8 and 9(1).

(2)  An application for registration as a member of the CMAA by an
executive candidate must be accompanied by evidence satisfactory to the
registrar that the applicant has meet the requirements under sections 8 and
9(2).


Academic requirements
8   For purposes of section 7, the academic requirements of the SLP consist
of meeting the grade or performance requirements as prescribed on courses
and examinations in the following areas:

     (a)  strategy;

     (b)  management accounting;

     (c)  operations;

     (d)  finance;

     (e)  management;

     (f)  organizational behaviour;

     (g)  marketing;

     (h)  information technology.


Experience requirements
9(1)  An applicant under section 7(1) requires a total of 24 months of
experience in a full-time position approved by the registrar,  accumulated
during the applicant's enrolment in the SLP.

(2)  An applicant under section 7(2) requires

     (a)  a total of 5 years of experience in a full-time position
approved by the registrar, accumulated in the period specified by the
registrar prior to entry in the SLP, and

     (b)  continued experience in a full-time position approved by the
registrar accumulated during the applicant's enrolment in the SLP.

(3)  The Board must establish the nature of experience required under
subsections (1) and (2).

(4)  The registrar may recognize other relevant experience for the purposes
of subsections (1) and (2).


CMAs from provincial society
10(1)  For the purposes of section 35(2)(b) of the Act, if an applicant for
registration as a certified management accountant is registered by a
provincial society as a certified management accountant, the applicant must
provide satisfactory evidence to the registrar that the applicant has met
the competence requirements referred to in section 35(1)(a) of the Act by
providing evidence that the applicant

     (a)  is registered in good standing with that provincial society,
and

     (b)  meets the good character and reputation requirements referred
to in section 2.

(2)  An applicant who does not meet the requirements of subsection (1) may
not be registered until the applicant meets those requirements.


Other evidence of competence
11   An applicant who does not meet the requirements of section 7 or 10, as
the case may be, may provide evidence of competence for the purposes of
section 35(1)(a) of the Act in accordance with section 12.


Registration under section 35(2)(c)
12(1)  An applicant may provide evidence of competence to satisfy the
registrar under section 35(2)(c) of the Act by providing to the registrar
satisfactory evidence of

     (a)  grades and performance achieved in academic, educational and
other relevant studies substantially equivalent to those required to
demonstrate a thorough knowledge of the syllabus,

     (b)  a minimum of 5 years' experience in a senior level position
that demonstrates leadership in financial and strategic management as
prescribed, and

     (c)  completion of any courses or examinations with the required
grades as prescribed.

(2)  For the purposes of subsection (1), the evidence must be presented in
writing and may be supplemented by personal representations from the
applicant or from other individuals, at the request of the applicant or
registrar.


Continuance of registration as a member
13   For the purposes of section 51(1)(c) of the Act, registration as a
certified management accountant continues in effect if the registrant
provides to the registrar, within the time prescribed by the registrar,

     (a)  any changes to the information required to be provided to the
registrar under the Act, this Regulation and the by-laws,

     (b)  the report required under section 15, and

     (c)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the registrar.


Post-designa-tion learning
14(1)  For the purpose of this section,

     (a)  "formal education" includes actively pursuing a degree,
designation or diploma from a recognized post-secondary institution, as
prescribed;

     (b)  "informal education" includes any other form of learning
activity recognized by the registrar as informal education;

     (c)  "post-designation learning" means formal education or informal
education, or a combination of both, as prescribed that contributes to
continued competency and effectiveness of members of the CMAA as financial
and strategic management professionals.

(2)  Each certified management accountant must complete post-designation
learning within the time period prescribed.

(3)  The registrar may grant an exemption from the post-designation
learning requirements imposed pursuant to subsection (2).


Reporting
15   Each member of the CMAA must

     (a)  submit annually, on or before the date set out in the by-laws,
a report in the form specified by the registrar that includes

               (i)  a declaration that the member has complied with
section 14 and the particulars of compliance, or

               (ii) a declaration that section 14 does not apply to the
member, if an exemption has been granted pursuant to section 14(3),

          and

     (b)  keep an annual record of the member's post-designation learning
for 5 years, completed in accordance with section 14 and, on request,
provide to the registrar or its designate the record and supporting
documentation of post-designation learning completed.


     Division 4
     Reinstatement of Registration

Applications for reinstatement of registration
16(1)  An applicant whose resignation was accepted under section 75(2) of
the Act or the predecessor Act or whose registration was cancelled under
Part 5 or 6 of the Act or the predecessor Act must comply with all orders
or any conditions specified in connection with the resignation or
cancellation, before being entitled to apply for reinstatement of
registration.

(2)  Unless otherwise provided in the Act or this Regulation, an
investigated party whose registration was cancelled under Part 5 or 6 of
the Act or the predecessor Act may not apply to the registrar for
reinstatement within 2 years of the cancellation.

(3)  An applicant for reinstatement referred to in subsection (1) must

     (a)  comply with the requirements of this section;

     (b)  provide satisfactory evidence to the registrar of meeting the
requirements of section 2;

     (c)  meet any education requirements specified by the registrar;

     (d)  pay a reinstatement fee as provided by the resolutions;

     (e)  satisfy any other terms or conditions specified by the
registrar.

(4)  The registrar may, on the terms and conditions the registrar considers
necessary, reinstate the registration of an applicant under subsection (1)
if all orders have been complied with and all conditions set at the time of
the cancellation or resignation, as the case may be, have been met.

(5)  Sections 32 to 34 of the Act apply to all applications for
reinstatement of registration after cancellation or resignation.


     Division 5
     Use of Titles, Abbreviations
     and Initials

Certified management accountant
17(1)  Subject to the rules of professional conduct, only a certified
management accountant or public accounting firm registered under Part 3 of
the Act may use the names "Certified Management Accountant" or "comptable
en management accr‚dit‚s" or the initials "CMA".

(2)  Only a certified management accountant registered under Part 3 of the
Act who has been elected as a Fellow of the Certified Management
Accountants by CMA Canada may use the name "Fellow of the Certified
Management Accountants" or "Fellow comptable management accr‚dit‚s" or the
initials "FCMA".


     Division 6
     Professional Corporations

Continuance of registration as a professional corporation
18   For the purposes of section 51(1)(c) of the Act, registration as a
professional corporation continues in effect if the registrant provides to
the registrar, within the time specified by the registrar,

     (a)  any changes to the information provided to the registrar
pursuant to section 40 of the Act, and

     (b)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the registrar
on the registration.


     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public accounting firms
19(1)  For the purposes of section 46(3) of the Act, a member of the CMAA,
professional corporation or a partnership that provides the services
referred to in section 1(oo)(iv) or (vi) of the Act is not required to
register as a public accounting firm if annual gross revenue from those
services is less than $10 000.

(2)  A member of the CMAA, professional corporation or partnership that
provides the services referred to in section 1(oo)(iv) or (vi) of the Act
and that has annual gross revenue from those services equal to or greater
than $10 000, but less than $20 000, may apply to the Board or its delegate
for an exemption from registration as a public accounting firm.


Registration of certified management accountants as public accounting firms
20   For the purposes of section 47(e) of the Act, an applicant for
registration as a public accounting firm must provide to the registrar

     (a)  the primary name under which the practice is conducted;

     (b)  the legal name of the public accounting firm;

     (c)  other names under which the practice is conducted;

     (d)  the names of any related business or practice;

     (e)  the firm's business address;

     (f)  a listing of the principals, partners, directors, officers and
shareholders of the firm;

     (g)  a listing of the areas of public accounting practice the firm
plans to engage in;

     (h)  for each area of public accounting practice that the firm plans
to engage in, satisfactory current evidence that a certified management
accountant with the firm meets any education and experience requirements
specified by the practice review committee;

     (i)  the name of any professional corporation related to or
affiliated with the firm.


Continuance of registration as a public accounting firm
21   For the purposes of section 51(1)(c) of the Act, registration as a
public accounting firm continues in effect if the registrant provides to
the registrar, within the time specified by the registrar,

     (a)  any changes to the information provided to the registrar
pursuant to section 47 of the Act and section 20, as applicable,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under this Regulation
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed on the registration by the
registrar.


     Division 8
     Limited Liability Partnerships

Limited liability partnerships
22(1)  For the purpose of registration as an Alberta limited liability
partnership or an extra-provincial limited liability partnership under Part
2.1 of the Partnership Act, the applicant must provide satisfactory
evidence to the registrar that the partnership carries professional
liability insurance in an amount not less than

     (a)  $1 000 000 per incident for partnerships with fewer than 5
certified management accountants or professional corporations engaged in
the partnership's practice, and

     (b)  $2 000 000 per incident for partnerships with 5 or more
certified management accountants or professional corporations engaged in
the partnership's practice.

(2)  Notwithstanding subsection (1), a letter of credit, bond or other
protection against professional liability may be substituted for
professional liability insurance if it is

     (a)  in an amount not less than the professional liability insurance
that would be required under subsection (1), and

     (b)  in a form approved by, and otherwise acceptable to, the
registrar.

(3)  A partnership referred to in subsection (1) must provide annually to
the registrar satisfactory evidence of continued compliance with subsection
(1) or (2).


     Division 9
     Professional Service Providers

Who must register
23   A person who meets the requirements of section 48 of the Act must
register as a professional service provider if that person is

     (a)  a certified management accountant, or

     (b)  a student who is approved by the registrar to practise as a
professional service provider.


Professional services for purposes of s48(1)(a) and 49(a) of the Act
24   For the purposes of sections 48(1)(a) and 49(a) of the Act, the
professional services are

     (a)  acting as a trustee in bankruptcy, a liquidator, a receiver, a
receiver-manager or acting in any other aspect of insolvency practice, or

     (b)  public practice as a business valuator.


Information to be provided on registration 
25   For the purpose of section 49(d) of the Act, an applicant for
registration as a professional service provider must provide to the
registrar

     (a)  the primary name under which the professional service provider
practises,

     (b)  the legal name of the entity under which the professional
service provider practises,

     (c)  other names under which the practice is conducted,

     (d)  the applicant's business address,

     (e)  the applicant's areas of professional practice,

     (f)  a plan, acceptable to the registrar, of how the applicant will
maintain client files, so that each client file will be separate and
accessible for practice review purposes, and

     (g)  an undertaking, acceptable to the registrar, allowing the CMAA
access, for practice review purposes, to the working paper files that
evidence the work performed by the applicant.


Continuance of registration as a professional service provider
26   For the purpose of section 51(1)(c) of the Act, registration as a
professional service provider continues in effect if the registrant
provides to the registrar, within the time prescribed by the registrar,

     (a)  any changes to the information provided to the registrar
pursuant to section 49 of the Act and section 25,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under this Regulation
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed by the registrar.


     Division 10
     Categories of Registrants

Categories of registrants
27(1)  The following categories of members of the CMAA are established:

     (a)  specialists who are approved by the registrar;

     (b)  suspended members;

     (c)  members engaged in a public accounting practice;

     (d)  members engaged in the professional services set out in section
24;

     (e)  members who have conditions or restrictions placed on their
registration.

(2)  The following categories of public accounting firms are established:

     (a)  limited liability partnerships;

     (b)  SRA auditors;

     (c)  suspended firms;

     (d)  firms that have conditions or restrictions placed on their
registration or practice.

(3)  The following categories of professional service providers are
established:

     (a)  professional service providers that have conditions or
restrictions placed on their registration or practice;

     (b)  suspended professional service providers.

(4)  The following categories of students are established:

     (a)  executive candidates;

     (b)  candidates;

     (c)  students who have conditions or restrictions placed on their
registration;

     (d)  suspended students.

(5)  The fees, dues and levies payable by categories of members of the
CMAA, public accounting firms, professional service providers and students
may vary from category to category, as determined by resolution.


SRA auditors
28(1)  Only a public accounting firm that receives an approval from the
practice review committee to practise as an SRA auditor may perform an
audit or review engagement for entities that are required to file financial
statements or financial information with a securities regulatory authority.

(2)  The Board may establish additional education, experience and
professional liability insurance requirements to be met by an applicant for
approval as an SRA auditor.

(3)  The practice review committee must approve a public accounting firm as
an SRA auditor if the applicant meets the requirements as prescribed.

(4)  If the applicant fails to meet the requirements as prescribed, the
practice review committee may approve the application subject to conditions
or restrictions.

(5)  Approval as an SRA auditor continues if the public accounting firm
provides to the registrar

     (a)  an annual filing establishing continued compliance with
education, experience and professional liability insurance requirements and
any conditions or restrictions, as prescribed,

     (b)  notification within the time specified by the registrar

               (i)  of any contravention of a condition or restriction,

               (ii) that the firm is subject to a follow-up practice
review,

               (iii)     that the firm or any member of the firm has been
found guilty of contravening the provisions of any securities legislation,

               (iv) that the firm or any member of the firm has been
discharged absolutely on conviction or after pleading guilty to
contravening the provisions of any securities legislation, or

               (v)  that the firm or any member of the firm has reached
a settlement with a securities regulatory authority regarding contravention
of the provisions of any securities legislation,

     and

     (c)  the annual fees prescribed by the Board.

(6)  Approval as an SRA auditor automatically terminates if the
registration of the public accounting firm is suspended or cancelled.

(7)  The practice review committee may, in order to protect the public
interest, place restrictions or conditions on a public accounting firm's
ability to practise as an SRA auditor if the firm does not meet the
education and experience requirements or is subject to a follow-up practice
review.


     PART 2

     PUBLIC INFORMATION

Maintenance of information
29   For the purposes of section 26 of the Act, the CMAA must maintain the
information about registrants and former registrants for the following
periods of time:

     (a)  for at least 10 years for information respecting past
registration status, registration decisions on registrations that were
refused or conditions placed on registration or practice;

     (b)  for at least 10 years for information under section 28(1)(c) to
(f) of the Act;

     (c)  for at least 5 years for information respecting practice
specialty, professional corporations and the principals, partners,
directors or shareholders of a public accounting firm;

     (d)  for at least one year for any other relevant information
maintained in accordance with the Act, regulations or by-laws.


     PART 3

     PRACTICE REVIEW

Practice review
30   Public accounting firms and professional service providers that
provide any of the following services are subject to practice review:

     (a)  assurance engagements;

     (b)  specified auditing procedures engagements;

     (c)  compilation engagements.


     PART 4

     TRANSITIONAL PROVISIONS AND REPEALS

Limitation on investigated parties
31   Any limitation placed on an investigated party under a former Act is
deemed to be equivalent to a restriction imposed under the Act.


Repeal
32   The General Regulation (AR 159/88) is repealed.


     ------------------------------

     Alberta Regulation 178/2001

     Regulated Accounting Profession Act

     CHARTERED ACCOUNTANTS REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 371/2001) on September 13,
2001 pursuant to section 14 of the Regulated Accounting Profession Act.


     Table of Contents

Definitions    1

     Part 1
     Registration

     Division 1
     Students and Members: General Registration

Evidence provided on registration  2
Deadline for application as a chartered accountant     3

     Division 2
     Registration of Students

Degree holders 4
Certified management accountant or certified general accountant  5
Currently enrolled in post-secondary school  6
All others     7
Continuance of registration   8
Failure to meet grade/performance requirements    9

     Division 3
     Registration of Members

Applicants not registered in another jurisdiction 10
Academic requirements    11
Experience requirements  12
Chartered accountants from a provincial institute 13
Applicants with recognized accounting designations     14
Applicants without recognized accounting designations  15
Other evidence of competence  16
Registration under section 35(2)(c)     17
Continuance of registration as a member 18
Continuing education requirements  19
Continuing education report   20

     Division 4
     Reinstatement

Reinstatement of registration 21

     Division 5
     Use of Titles, Abbreviations and Initials

Chartered accountant     22
Certified public accountant   23

     Division 6
     Professional Corporations

Continuance of registration as a professional corporation   24

     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public 
  accounting firms  25
Registration of chartered accountants as public
  accounting firms  26
Registration of other persons or firms as public
  accounting firms  27
Continuance of registration as a public accounting firm     28

     Division 8
     Limited Liability Partnerships

Limited liability partnerships     29

     Division 9
     Professional Service Providers

Who must register   30
Professional services for purposes of sections 48(1)(a) and
  49(a) of the Act  31
Information to be provided on registration   32
Continuance of registration as a professional service provider   33

     Division 10
     Categories of Registrants

Categories of registrants     34
SRA auditors   35
Training offices    36

     Part 2
     Public Information

Maintenance of information    37

     Part 3
     Practice Review

Practice review     38

     Part 4
     Transitional Provisions and Repeals

Limitation on investigated parties 39
Repeals   40


Definitions
1(1)  In this Regulation,

     (a)  "Act" means the Regulated Accounting Profession Act;

     (b)  "Alberta university" means a university established under the
Universities Act;

     (c)  "CASB" means the CA School of Business or other body designated
by the Council;

     (d)  "Council" means the Council of the Institute;

     (e)  "foreign accounting organization" means a professional
accounting organization in a country other than Canada having objects
similar to the objects of the Institute and that grants a professional
accounting designation;

     (f)  "graduate management admission test" means the graduate
management admission test administered by the Education Testing Service in
the United States of America or a substantially equivalent examination that
may be administered by another body approved by the Council;

     (g)  "incident" means any alleged occurrence, error, omission or
negligent act in rendering or failing to render professional services which
any reasonable person would expect to give rise to a claim;

     (h)  "Institute" means the Institute of Chartered Accountants of
Alberta;

     (i)  "IQAB" means the International Qualifications Appraisal Board
recognized by the Canadian Institute of Chartered Accountants and the
Council;

     (j)  "national qualifying examination" means a national qualifying
examination recognized by the Canadian Institute of Chartered Accountants
and the Council;

     (k)  "national reciprocity examination" means a national reciprocity
examination recognized by the Canadian Institute of Chartered Accountants
and the Council;

     (l)  "provincial institute" means an institute or order of chartered
accountants incorporated in a territory or province of Canada other than
Alberta;

     (m)  "recognized accounting designation" means an accounting
designation

               (i)  recognized by the Council, and

               (ii) granted by a foreign accounting organization that
has substantially equivalent competence and practice requirements
recognized by the Council based on an IQAB recommendation or a mutual
recognition agreement;

     (n)  "SRA auditor" means a securities regulatory authority auditor;

     (o)  "training office" means a public accounting firm or other
entity approved by the registration committee that meets the requirements
in section 36.

(2)  The terms defined in section 1 and Schedule 1 of the Act have the same
meaning in this Regulation.


     PART 1
     REGISTRATION

     Division 1
     Students and Members: General Registration

Evidence provided on registration
2(1)  Each applicant for registration as a student or member of the
Institute must provide satisfactory evidence to the registrar of

     (a)  being a Canadian citizen or a person lawfully permitted to work
or study in Canada, and

     (b)  having a good character and reputation.

(2)  In determining whether an applicant is of good character and
reputation, the registration committee must consider whether the applicant

     (a)  has had a finding of unprofessional conduct or similar finding
made against the applicant by any professional organization, and any orders
made in consequence,

     (b)  has any outstanding complaints or discipline matters with any
professional organization with which the applicant is or has been
registered,

     (c)  has been convicted of a criminal offence in any country,

     (d)  has any outstanding charges under the criminal law of any
country, 

     (e)  has been found guilty of contravening a section of securities
regulatory legislation,

     (f)  has been subject to any of the provisions of the Bankruptcy and
Insolvency Act (Canada), and

     (g)  has been found guilty of a breach of a code of conduct or an
academic infraction at any post-secondary education institution.

(3)  In addition to the matters referred to in subsections (1) and (2), the
registration committee must consider

     (a)  any character references,

     (b)  information on steps taken to overcome and evidence that the
applicant has overcome the competence or ethical issues related to
subsection (1) or (2), and

     (c)  any mitigating factors provided by the applicant.


Deadline for application as a chartered accountant
3(1)  An application for registration as a chartered accountant, except an
application made under section 13, must be made within 12 months of the
date on which the applicant has satisfied the requirements of section 10,
14 or 15, as the case may be.

(2)  If an application for registration as a chartered accountant is made
outside the time period prescribed in subsection (1), the registration
committee may consider the application and determine what additional
requirements, if any, are to be met for approval of the application.


     Division 2
     Registration of Students

Degree holders
4   If the applicant for registration as a student is a university
graduate, the applicant must provide satisfactory evidence to the registrar
of having

     (a)  a baccalaureate degree from an Alberta university or a degree
assessed by a body approved by the Council as equivalent to an Alberta
university degree or that would be sufficient to permit enrolment for
graduate studies at an Alberta university, and

     (b)  met the grade requirement prescribed by CASB on the Alberta
university or substantially equivalent courses prescribed by CASB in the
areas listed in section 11 or obtained the grade prescribed by CASB on the
graduate management admission test.


Certified management accountant or certified general accountant
5   If the applicant for registration as a student is registered in Canada
as a certified management accountant or a certified general accountant, the
applicant must provide satisfactory evidence to the registrar that the
registration is in good standing.


Currently enrolled in post - secondary school
6   If the applicant for registration as a student is enrolled in a
post-secondary program of studies to complete the Alberta university or
substantially equivalent courses prescribed by CASB in the areas listed in
section 11, the applicant must provide satisfactory evidence to the
registrar of

     (a)  enrolment in the post-secondary institution, and

     (b)  having met the grade requirement prescribed by CASB for the
courses completed or having met the grade prescribed by CASB on the
graduate management admission test.


All others
7   If the applicant is other than a person described in section 4, 5 or 6,
the applicant must provide satisfactory evidence to the registrar of having

     (a)  a high school diploma or a diploma that is substantially
equivalent to a high school diploma,

     (b)  at least 

               (i)  5 years of relevant business experience, or 

               (ii) a combination of a minimum of 2 years relevant
business experience and up to 3 years post-secondary education, 

     and

     (c)  met the grade requirement prescribed by CASB on the graduate
management admission test.


Continuance of registration
8(1)  For the purpose of section 51(1)(a) of the Act, registration as a
student continues in effect if the registrant

     (a)  is employed by a training office, or

     (b)  has completed the experience requirements set out in section
12.

(2)  Notwithstanding subsection (1)(a), a student may be without training
office employment for a period not exceeding 6 continuous months or any
other period approved by CASB or the registration committee.

(3)  For the purposes of section 51(1)(c) of the Act, registration as a
student continues in effect if the registrant provides to the registrar, in
a timely manner,

     (a)  any changes to the information required to be provided to the
registrar under the Act, this Regulation and the by-laws, and

     (b)  on request of the registrar, satisfactory evidence of continued
compliance with conditions imposed by the registration committee.

(4)  Registration as a student under section 6 continues in effect if the
registrant provides to the registrar satisfactory evidence of

     (a)  annual enrolment in a post-secondary institution, for no more
than 5 years, or

     (b)  having met the requirements of section 4, 5, or 7.


Failure to meet grade/perfor-mance requirements
9   A student's registration will be cancelled if the student fails to meet
the grade or performance requirements on courses and examinations
prescribed by CASB or the Council within the number of attempts determined
by CASB or the Council.


     Division 3
     Registration of Members

Applicants not registered in another jurisdiction
10   An application for registration as a member of the Institute by a
student who is not registered as a member by another provincial institute
or foreign accounting organization must be accompanied by evidence
satisfactory to the registrar that the following requirements have been
met:

     (a)  the academic requirements under section 11;

     (b)  the grade or performance requirements prescribed by CASB or the
Council on a national qualifying examination;

     (c)  the experience requirements under section 12.


Academic requirements
11   For purposes of section 10(a), the academic requirements consist of
meeting the grade or performance requirements prescribed by CASB or the
Council on courses and examinations prescribed by CASB or the Council in
the following areas:

     (a)  financial accounting, cost accounting and performance
measurement;

     (b)  assurance and professional practice;

     (c)  taxation;

     (d)  finance;

     (e)  information systems;

     (f)  business, ethics and management.


Experience requirements
12(1)  The experience required for the purposes of section 10(c) is a
period of 36 months with a training office.

(2)  The Council must establish the nature of student experience required
with a training office in order to provide practical application of the
competencies necessary to be a chartered accountant.

(3)  The registration committee may recognize relevant experience obtained
while not employed with a training office.


Chartered accountants from a provincial institute
13   For the purposes of section 35(2)(b) of the Act, if the applicant for
registration as a member of the Institute is registered by a provincial
institute as a chartered accountant, the applicant must provide
satisfactory evidence to the registrar that the applicant has met the
competence requirements referred to in section 35(1)(a) of the Act by
providing evidence that the applicant is registered in good standing with
that provincial institute and

     (a)  has met the grade or performance requirements prescribed by
CASB or the Council on a national qualifying examination, or

     (b)  is or was registered in good standing with a foreign accounting
organization that the Council recognizes, based on an IQAB recommendation
or through a mutual recognition agreement, as having substantially
equivalent competence and practice requirements and has met the grade or
performance requirements prescribed by CASB or the Council on a national
reciprocity examination.


Applicants with recognized accounting designations
14   For the purposes of section 35(2)(b) of the Act, if an applicant for
registration as a member of the Institute holds a recognized accounting
designation, the applicant must provide satisfactory evidence to the
registrar that the applicant has met the competence requirements referred
to in section 35(1)(a) of the Act by providing evidence that the applicant

     (a)  is registered in good standing with the foreign accounting
organization that granted the designation,

     (b)  was engaged in the accounting profession in the jurisdiction in
which that foreign accounting organization is located for a 2-year period,
or a lesser period that the registration committee may approve, immediately
preceding the applicant's receipt of the recognized accounting designation,
and

     (c)  has met the grade or performance requirements prescribed by
CASB or the Council on a national reciprocity examination.


Applicants without recognized accounting designations
15   For the purposes of section 35(2)(c) of the Act, if an applicant for
registration as a member of the Institute is registered with a foreign
accounting organization but does not hold a recognized accounting
designation, the applicant must provide satisfactory evidence to the
registrar that the applicant has met the competence requirements referred
to in section 35(1)(a) of the Act by providing evidence that the applicant

     (a)  is registered in good standing with that foreign accounting
organization,

     (b)  has met academic requirements substantially equivalent to those
required under section 11,

     (c)  has met the grade or performance requirements prescribed by
CASB or the Council on a national qualifying examination, and

     (d)  has met experience requirements substantially equivalent to
those required under section 12.


Other evidence of competence
16   An applicant who does not meet the requirements under section 13, 14
or 15, as the case may be, may provide evidence of competence for the
purposes of section 35(1)(a) of the Act in accordance with section 17, and
must be registered as a student until the requirements are met.


Registration under section 35(2)(c)
17(1)  An applicant may provide evidence of competence to satisfy the
registration committee under section 35(2)(c) of the Act, by providing to
the registration committee satisfactory evidence of

     (a)  grades and performance achieved in academic, educational and
other relevant studies,

     (b)  relevant employment, and public accounting practice or
substantially equivalent experience, including documentation and examples
of relevant accomplishments and abilities,

     (c)  membership in good standing with organizations relevant to the
accounting profession, the regulated standards and requirements of such
organizations and activities completed in such organizations,

     (d)  relevant professional development activities completed,

     (e)  other relevant qualifications, accomplishments, abilities and
competencies, and

     (f)  areas of employment or practice within which the applicant
intends to be professionally active.

(2)  For purposes of subsection (1), the evidence must be presented in
writing and may be supplemented by personal representations from the
applicant or from other individuals, at the request of the applicant or
registrar.

(3)  For the purposes of assessing public accounting practice experience
where the applicant intends to engage in a public accounting practice, a
review of client files that is substantially equivalent to a practice
review required under Part 4 of the Act must be completed.

(4)  For purposes of assessing the evidence provided under subsection (1),
the registration committee may direct that the applicant satisfactorily
demonstrate certain abilities and competencies through an oral or practical
simulation examination.


Continuance of registration as a member
18   For the purposes of section 51(1)(c) of the Act, registration as a
member of the Institute continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information required to be provided to the
registrar under the Act, this Regulation and the by-laws,

     (b)  the report on continuing education required under section 20,
and

     (c)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the
registration committee.


Continuing education requirements
19(1)  For the purposes of this section,

     (a)  "formal education" includes

               (i)  presentation or completion of courses and seminars
offered by entities recognized by the registration committee, and

               (ii) any other form of educational activity recognized
by the registration committee as formal education;

     (b)  "informal education" includes

               (i)  private reading, study or research,

               (ii) preparation for lectures or courses,

               (iii)     preparation of published articles or papers, and

               (iv) any other form of educational activity recognized
by the registration committee as informal education.

(2)  Each member of the Institute who

     (a)  earns employment or business income in an amount equal to or
greater than the amount set by the Council from time to time for the
purposes of this section,

     (b)  resides

               (i)  in Alberta, or

               (ii) outside Alberta and is not a member of a provincial
institute or foreign accounting organization recognized by the Council,

     and

     (c)  has not been granted an exemption by the registration committee
from the continuing education requirements imposed by this section

must complete the minimum number of hours of relevant continuing education
described in this section.

(3)  A member of the Institute must complete the number of hours prescribed
by the Council in the period of time prescribed by the Council or such
additional time as is granted by the registration committee.

(4)  The hours referred to in subsection (3) must include the minimum
number of hours of formal education as is prescribed by the Council.

(5)  For the purposes of subsections (3) and (4), the registration
committee may recognize as continuing education any formal education or
informal education that, in its opinion, is appropriate.


Continuing education report
20   Each member of the Institute must

     (a)  submit annually, on or before the date set out in the by-laws,
a report in the form prescribed by the registration committee, which
includes

               (i)  a declaration that the member has complied with
section 19, or

               (ii) a declaration that section 19 does not apply to the
member,

     and

     (b)  keep, for 5 years, a record of continuing education completed
annually and, on request, provide to the registration committee or its
designate the record and supporting documentation of formal education
completed.


     Division 4
     Reinstatement

Reinstatement of registration
21(1)  Unless otherwise provided in the Act, this Regulation or the
by-laws, an investigated party whose registration is suspended under Part 5
or 6 of the Act must be reinstated when the investigated party has
satisfied the discipline tribunal roster chair that the investigated party
has complied with the order governing the suspension made pursuant to Part
5 or 6 of the Act and any certificate must be reissued.

(2)  An applicant whose resignation was accepted under section 75(2) of the
Act or whose registration was cancelled under Part 5 or 6 of the Act must
comply with all orders or any conditions specified by the complaints
inquiry committee, discipline tribunal, appeal tribunal or Court of Appeal,
as the case may be, before being entitled to apply for reinstatement of
registration.

(3)  Unless otherwise provided in the Act or this Regulation, an
investigated party whose registration was cancelled under Part 5 or 6 of
the Act may not apply to the registration committee for reinstatement
within 2 years of the cancellation.

(4)  An applicant for reinstatement referred to in subsection (2) must

     (a)  comply with the requirements of this section;

     (b)  provide satisfactory evidence to the registration committee of
meeting the requirements of section 2, if the applicant is a former member
or a former student;

     (c)  meet any education requirements specified by the registration
committee;

     (d)  pay a reinstatement fee as provided by the resolutions;

     (e)  satisfy any other terms or conditions specified by the
registration committee.

(5)  The registration committee may order the reinstatement of a
registration cancelled under Part 5 or 6 of the Act or a resignation
accepted under section 75 of the Act on such terms as the committee may
approve if all orders have been complied with and any conditions set at the
time of the cancellation or resignation, as the case may be, have been met.

(6)  Sections 32 to 34 of the Act apply to all applications for
reinstatement of registration after cancellation or resignation.


     Division 5
     Use of Titles, Abbreviations
     and Initials

Chartered accountant
22(1)  Subject to the rules of professional conduct, only a chartered
accountant or public accounting firm registered under Part 3 of the Act may
use the names "Chartered Accountant" or "comptable agr‚‚" or the initials
"CA".

(2)  Only a chartered accountant registered under Part 3 of the Act who has
been elected as a Fellow of the Chartered Accountants by the Council in the
manner prescribed in the by-laws may use the name "Fellow of the Chartered
Accountants" or "Fellow comptable agr‚‚" or the initials "FCA".

(3)  Only a chartered accountant registered under Part 3 of the Act may,
with the approval of the Council, use the name "Associate of the Chartered
Accountants" or "Associ‚ d'un comptable agr‚‚" or the initials "ACA".

(4)  The registration committee may authorize a person or firm registered
under section 50 of the Act to use the designation "Chartered Accountant"
or "CA" in Alberta if such person or firm

     (a)  provides satisfactory evidence to the registrar that such
person or firm is allowed to use the designation "Chartered Accountant" by
another provincial institute,

     (b)  completes an application in the form required by the by-laws,
and

     (c)  pays the application fees specified by the Council.

(5)  The registration committee may set conditions on the use of the
designation by applicants whose applications are approved under subsection
(4).

(6)  To continue to use the designation authorized under subsection (4),
the person or firm must

     (a)  provide to the registrar

               (i)  an annual filing establishing continued compliance
with conditions referred to in subsection (5), and

               (ii) immediate notification of any contravention of a
condition,

     and

     (b)  pay the annual fees prescribed by the Council.


Certified public accountant
23(1)  For the purposes of this section, "registration committee" means the
registration committee or registrar of the Institute, the Society of
Management Accountants of Alberta or the Certified General Accountants'
Association of Alberta.

(2)  For the purposes of subsections (3) and (4), a "chartered accountant,
certified management accountant or certified general accountant" also means
a Fellow of the Chartered Accountants, a Fellow of the Certified Management
Accountants or a Fellow of the Certified General Accountants.

(3)  The registration committee may authorize a chartered accountant,
certified management accountant or certified general accountant registered
under Part 3 of the Act to use the name "Certified Public Accountant" or
the initials "CPA" or any title, name, description, abbreviation, letter or
symbol representing that name or those initials, alone or in combination
with any other name, title, description, abbreviation, letter, symbol or
initials, that represents expressly or by implication that the individual
is a certified public accountant if the person

     (a)  provides satisfactory evidence to the registration committee of
having a current CPA certificate from the United States of America, and

     (b)  completes an application in the form required by the by-laws
and pays the application fee specified by the governing body.

(4)  An applicant whose application is approved under subsection (3) must
use the designation "Certified Public Accountant" or the initials "CPA"
only

     (a)  when accompanied by and following "Chartered Accountant",
"Certified Management Accountant", "Certified General Accountant", "CA",
"CMA" or "CGA", as applicable, and

     (b)  when the designation also discloses the name of the applicable
CPA jurisdiction in the United States of America, in the following manner:
"Chartered Accountant, Certified Public Accountant (State, USA)",
"Certified Management Accountant, Certified Public Accountant (State,
USA)", "Certified General Accountant, Certified Public Accountant (State,
USA)", "CA, CPA (State, USA)", "CMA, CPA (State, USA)" or "CGA, CPA (State,
USA)".

(5)  A person who has a current CPA certificate from the United States of
America but who is not a chartered accountant, certified management
accountant or certified general accountant

     (a)  may use the statement "certified as a CPA in (State, USA)", or

     (b)  may use the statement "licensed as a CPA in (State, USA)" if
such person has also been granted the right to practice public accountancy
by a state board of accountancy in the United States of America with which
the Institute has a mutual recognition agreement.

(6)  A person referred to under subsection (5) may not use the designation
"Certified Public Accountant" or "Certified Public Accountant (State, USA)"
or the initials "CPA" or "CPA (State, USA)".

(7)  The registration committee may authorize a person registered under
section 50 of the Act or a public accounting firm registered under section
46 of the Act to use the designation "Certified Public Accountant" or "CPA"
in Alberta if such person or firm

     (a)  provides satisfactory evidence to the registration committee
that such person or firm has a current CPA certificate from the United
States of America and has the right to practice accountancy as granted by a
state board of accountancy in the United States of America with which the
Institute has a mutual recognition agreement, and

     (b)  completes an application in the form required by the by-laws
and pays the application fee specified by the governing body.

(8)  The registration committee may set conditions on the use of the
designation by applicants whose applications are approved under subsections
(3) and (7).

(9)  The use of the designation authorized under subsection (3) or (7)
continues if the person or firm provides to the registration committee

     (a)  an annual filing that establishes continued compliance with
conditions set pursuant to subsection (8),

     (b)  immediate notification of any contravention of a condition set
pursuant to subsection (8), and

     (c)  the annual fees prescribed by the governing body.


     Division 6
     Professional Corporations

Continuance of registration as a professional corporation
24   For the purposes of section 51(1)(c) of the Act, registration as a
professional corporation continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 40 of the Act, and

     (b)  on request of the registrar, evidence satisfactory to the
registrar of continued compliance with conditions imposed by the
registration committee on the registration.


     Division 7
     Public Accounting Firms

Gross revenue threshold for registration of public accounting firms
25(1)  For the purposes of section 46(3) of the Act, a member of the
Institute, a professional corporation or a partnership that provides the
services referred to in section 1(oo)(iv) or (vi) of the Act is not
required to register as a public accounting firm if annual gross revenue
from those services is less than $10 000.

(2)  A member of the Institute, a professional corporation or a partnership
that provides the services referred to in section 1(oo)(iv) or (vi) of the
Act and that has annual gross revenue from those services equal to or
greater than $10 000, but less than $20 000, may apply to the Council or
its delegate for an exemption from registration as a public accounting
firm.


Registration of chartered accountants as public accounting firms
26   For the purposes of section 47(e) of the Act, an applicant for
registration as a public accounting firm must provide to the registrar

     (a)  the primary name under which the practice is conducted;

     (b)  the legal name of the public accounting firm;

     (c)  other names under which the practice is conducted;

     (d)  the names of any related business or practice;

     (e)  the firm's business address;

     (f)  a listing of the principals, partners, directors or
shareholders of the firm;

     (g)  a listing of the areas of professional practice the firm plans
to engage in;

     (h)  for each area of public accounting practice that the firm plans
to engage in, satisfactory current evidence that a chartered accountant
with the firm meets any education and experience requirements prescribed by
the Council;

     (i)  the name of any professional corporation related to or
affiliated with the firm.


Registration of other persons or firms as public accounting firms
27   For the purposes of section 50(2) of the Act, if an applicant for
registration as a public accounting firm is registered with a provincial
institute or foreign accounting organization that the Council recognizes as
having substantially equivalent competence and practice requirements based
on an IQAB recommendation or through a mutual recognition agreement, the
applicant must provide to the registrar, in addition to all information
required of a public accounting firm under section 47 of the Act and
section 26 of this Regulation, satisfactory evidence that 

     (a)  any person who is engaged in the applicant's public accounting
practice in Alberta

               (i)  meets the requirements of section 2, and

               (ii) demonstrates to the registration committee that
such person has maintained competence,

     and

     (b)  the applicant

               (i)  has no outstanding complaints or discipline matters
with any professional organization with which the applicant is or has been
registered,

               (ii) is registered in good standing with that provincial
institute or foreign accounting organization,

               (iii)     is permitted, through that provincial institute or
foreign accounting organization, to carry out a practice of public
accounting in that jurisdiction,

               (iv) has successfully completed a recent review of
client files that is substantially equivalent to a practice review required
under Part 4 of the Act, and

               (v)  would be permitted by that provincial institute or
foreign accounting organization to carry out the scope of practice that the
applicant intends to carry out while registered under section 50(2) of the
Act.


Continuance of registration as a public accounting firm
28   For the purposes of section 51(1)(c) of the Act, registration as a
public accounting firm continues in effect if the registrant provides to
the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 47 of the Act and sections 26 and 27 of this
Regulation, as applicable,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under this Regulation
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed on the registration by the
registration committee.


     Division 8
     Limited Liability Partnerships

Limited liability partnerships
29(1)  For the purpose of registration as an Alberta limited liability
partnership or an extra-provincial limited liability partnership under Part
2.1 of the Partnership Act, the applicant must provide satisfactory
evidence to the registrar that the partnership carries professional
liability insurance in an amount not less than

     (a)  $1 000 000 per incident for partnerships with fewer than 5
chartered accountants or professional corporations engaged in the
partnership's practice, and

     (b)  $2 000 000 per incident for partnerships with 5 or more
chartered accountants or professional corporations engaged in the
partnership's practice.

(2)  Notwithstanding subsection (1), a letter of credit, bond or other
protection against professional liability may be substituted for
professional liability insurance if it is

     (a)  in an amount not less than the professional liability insurance
that would be required under subsection (1), and

     (b)  in a form approved by, and otherwise acceptable to, the
registration committee.

(3)  A partnership referred to in subsection (1) must provide annually to
the registrar satisfactory evidence of continued compliance with subsection
(1) or (2).


     Division 9
     Professional Service Providers

Who must register
30   A person who meets the requirements of section 48 of the Act must
register as a professional service provider if that person is

     (a)  a chartered accountant, or

     (b)  a student who is approved by the registration committee.


Professional services for purposes of ss48(1)(a) and 49(a) of the Act

31   For the purposes of sections 48(1)(a) and 49(a) of the Act, the
specified professional services are

     (a)  acting as a trustee in bankruptcy, a liquidator, a receiver, a
receiver-manager or acting in any other aspect of insolvency practice, or

     (b)  public practice as a business valuator.


Information to be provided on registration 
32   For the purposes of section 49(d) of the Act, an applicant for
registration as a professional service provider must provide to the
registrar

     (a)  the primary name under which the professional service provider
practices,

     (b)  the legal name of the entity under which the professional
service provider practices,

     (c)  other names under which the practice is conducted,

     (d)  the applicant's business address,

     (e)  the applicant's areas of professional practice,

     (f)  a plan, acceptable to the registration committee, of how the
applicant will maintain client files, so that each client file will be
separate and accessible for practice review purposes, and

     (g)  an undertaking, acceptable to the registrar, allowing the
Institute access, for practice review purposes, to the working paper files
that evidence the work performed by the applicant.


Continuance of registration as a professional service provider
33   For the purposes of section 51(1)(c) of the Act, registration as a
professional service provider continues in effect if the registrant
provides to the registrar, in a timely manner,

     (a)  any changes to the information provided to the registrar
pursuant to section 49 of the Act and section 32 of this Regulation,

     (b)  satisfactory evidence, on request by the registrar, that the
amount of professional liability insurance required under this Regulation
and the by-laws is currently maintained, and

     (c)  satisfactory evidence, on request by the registrar, of
continued compliance with conditions imposed by the registration committee.


     Division 10
     Categories of Registrants

Categories of registrants
34(1)  The following categories of members of the Institute are
established:

     (a)  specialists who are approved by the registration committee;

     (b)  suspended members;

     (c)  members engaged in a public accounting practice;

     (d)  members engaged in the professional services set out in section
31;

     (e)  members who have conditions or restrictions placed on their
registration.

(2)  The following categories of public accounting firms are established:

     (a)  limited liability partnerships;

     (b)  SRA auditors;

     (c)  training offices;

     (d)  part-time firms;

     (e)  regional or national firms;

     (f)  suspended firms;

     (g)  firms that have conditions or restrictions placed on their
registration or practice.

(3)  The following categories of professional service providers are
established:

     (a)  training offices;

     (b)  professional service providers that have conditions or
restrictions placed on their registration or practice;

     (c)  suspended professional service providers.

(4)  The following categories of students are established:

     (a)  co-op students;

     (b)  students who are professional service providers;

     (c)  students who have conditions or restrictions placed on their
registration;

     (d)  suspended students.


SRA auditors
35(1)  Only a public accounting firm approved as an SRA auditor may perform
an audit or review engagement for entities that are required to file
financial statements or financial information with a securities regulatory
authority.

(2)  The Council may establish additional education, experience and
professional liability insurance requirements to be met by an applicant for
approval as an SRA auditor.

(3)  The registration committee must approve a public accounting firm as an
SRA auditor if the applicant meets the requirements prescribed by the
Council.

(4)  If the applicant fails to meet the requirements established by the
Council, the registration committee may approve the application subject to
conditions or restrictions.

(5)  Approval as an SRA auditor continues if the public accounting firm
provides to the registrar

     (a)  an annual filing establishing continued compliance with
education, experience and professional liability insurance requirements and
any conditions or restrictions,

     (b)  immediate notification

               (i)  of any contravention of a condition or restriction,

               (ii) that the firm is subject to a follow-up practice
review,

               (iii)     that the firm or any member at the firm has been
found guilty of contravening the provisions of any securities legislation,

               (iv) that the firm or any member at the firm has been
discharged absolutely on conviction or after pleading guilty to
contravening the provisions of any securities legislation, or

               (v)  that the firm or any member at the firm has reached
a settlement with a securities regulatory authority regarding contravention
of the provisions of any securities legislation,

     and

     (c)  the annual fees prescribed by the Council.

(6)  The registration committee may place restrictions or conditions on a
public accounting firm's ability to practice as an SRA auditor if the firm
does not meet the education and experience requirements or is subject to a
follow-up practice review.


Training offices
36(1)  Only a training office may provide training experience to students.

(2)  The Council may establish education and experience requirements to be
met by an applicant for approval as a training office.

(3)  The registration committee must approve an applicant as a training
office if the applicant meets the requirements established by the Council.

(4)  If the applicant fails to meet the requirements established by the
Council, the registration committee may approve the application subject to
conditions or restrictions.

(5)  Approval as a training office continues if the training office
provides to the registrar

     (a)  any filing requested to establish

               (i)  continued compliance with education and experience
requirements and any conditions or restrictions,

               (ii) the nature or period of experience provided to an
individual student or to students generally, or

               (iii)     a plan for providing the required experience to
students in the future,

     (b)  immediate notification of any contravention of a condition or
restriction or if the training office is subject to a follow-up practice
review, and

     (c)  the annual fees prescribed by the Council.

(6)  The registration committee may place restrictions or conditions on a
training office's ability to train students if the office does not meet the
experience requirements for students or is subject to a follow-up practice
review.


     PART 2

     PUBLIC INFORMATION

Maintenance of information
37   For the purposes of section 26 of the Act, the Institute must maintain
information about registrants and former registrants for the following
periods of time:

     (a)  for at least 10 years for information respecting past
registration status, registration decisions on registrations that were
refused or conditions placed on registration or practice;

     (b)  for at least 10 years for information under section 28(1)(c) to
(f) of the Act;

     (c)  for at least 5 years for information respecting practice
specialty, professional corporations and the principals, partners,
directors or shareholders of a public accounting firm;

     (d)  for at least one year for any other relevant information
maintained in accordance with the Act, this Regulation or by-laws.


     PART 3

     PRACTICE REVIEW

Practice review
38   Public accounting firms and professional service providers that
provide any of the following services are subject to a practice review:

     (a)  assurance engagements;

     (b)  specified auditing procedures engagements;

     (c)  compliance engagements.


     PART 4

     TRANSITIONAL PROVISIONS AND REPEALS

Limitation on investigated parties
39   Any limitation placed on an investigated party under a former Act is
deemed to be equivalent to a restriction imposed under the Act.


Repeals
40  The following Regulations are repealed: 

     (a)  General Regulation (AR 160/88); 

     (b)  Joint Standards Directorate Regulation (AR 161/88).


     Alberta Regulation 179/2001

     Government Organization

     DESIGNATION AND TRANSFER OF RESPONSIBILITY
     AMENDMENT REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 372/2001) on September 13,
2001 pursuant to section 16 of the Government Organization Act.


1   The Designation and Transfer of Responsibility Regulation (AR 44/01) is
amended by this Regulation.


2   Section 13 is amended by adding the following after subsection (4):

     (5)  The Minister of Human Resources and Employment is designated as
the Minister responsible for the Regulated Accounting Profession Act.


     ------------------------------

     Alberta Regulation 180/2001

     Insurance Act

     MISCELLANEOUS PROVISIONS AMENDMENT REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 374/2001) on September 13,
2001 pursuant to section 15 of the Insurance Act.


1   The Miscellaneous Provisions Regulation (AR 120/2001) is amended by
this Regulation.


2   Section 3(2) is amended by adding the following after clause (g):

     (h)  Hotel Employees and Restaurant Employees Union, Local 47,
Health and Welfare Fund.


     Alberta Regulation 181/2001

     Highway Traffic Act

     SEAT BELT AMENDMENT REGULATION

     Filed:  September 13, 2001

Made by the Lieutenant Governor in Council (O.C. 378/2001) on September 13,
2001 pursuant to section 65 of the Highway Traffic Act.


1   The Seat Belt Regulation (AR 258/87) is amended by this Regulation.


2   Section 4(1)(d) and (2) are repealed.


3   This Regulation comes into force on January 1, 2002.


     ------------------------------

     Alberta Regulation 182/2001

     Oil and Gas Conservation Act

     OIL AND GAS CONSERVATION AMENDMENT REGULATION

     Filed:  September 14, 2001

Made by the Alberta Energy and Utilities Board on September 12, 2001
pursuant to section 10(1)(a.2) of the Oil and Gas Conservation Act.


1   The Oil and Gas Conservation Regulations (AR 151/71) are amended by
this Regulation.


2   The following is added after section 16.630:


     PART 16.6

     SECURITY

Security required
     16.640(1)  Where an approval is required in respect of an oilfield
waste management facility, the applicant for the approval shall provide
security in accordance with this Part before construction or operation of
the facility commences.

     (2)  Where, before the coming into force of this section, an approval
is granted in respect of an oilfield waste management facility, the
approval holder shall provide security in accordance with this Part on or
before September 15, 2001.

Exemption from security
     16.641   Section 16.640 does not apply where the oilfield waste
management facility, other than an oilfield landfill, is or will be
integrated as a waste management component into an approved or licensed
production system that only manages waste originating from within the same
interconnected system of upstream production facilities.

Failure to provide security
     16.642   If an approval holder fails to provide security when
required to do so under section 16.640(2), the Board may direct that
operations at the oilfield waste management facility be suspended until
such time as the security has been provided.

Amount of security
     16.643(1)  The amount of security is the amount calculated in
accordance with Schedule 15.

     (2)  Notwithstanding subsection (1), the Board may, on application,
accept an amount of security that is less than the amount calculated in
accordance with Schedule 15.

     (3)  An application under subsection (2) must be accompanied with a
report containing the following information:

               (a)  the cost of securing the oilfield waste management
facility to prevent access;

               (b)  the cost of minimizing safety and environmental
risks related to the oilfield waste management facility, including the
removal of all product, chemical and waste inventories to an approved
facility, and the securing of any disposal wells;

               (c)  the cost of maintaining a monitoring program, if
required;

               (d)  the cost of maintaining utilities to the oilfield
waste management facility;

               (e)  the cost of winterizing the oilfield waste
management facility.

     (4)  The cost of each activity described in subsection (3) must
reflect the amount reasonably required to pay a third party contractor to
carry out the activity.

Use of security
     16.644   Any security provided under this Part may be used for the
suspension, abandonment and reclamation of an oilfield waste management
facility notwithstanding that the amount of security calculated under
section 16.643 is based on the estimated cost to suspend the facility.

Adjustment of security
     16.645(1)  The Board may increase or decrease the amount of security
that is to be provided where

               (a)  the cost of suspending an oilfield waste management
facility changes,

               (b)  the extent of operations at the oilfield waste
management facility is increased or decreased, or

               (c)  any other circumstances exist that may increase or
decrease the estimated cost of suspending the oilfield waste management
facility.

     (2)  The Board may specify times or set a schedule for re-evaluating
and adjusting the security provided.

     (3)  The Board shall notify an approval holder of any proposed
adjustment to the amount of the security.

Form of security
     16.646   Security must be in one or more of the following forms as
required by the Board:

               (a)  cash;

               (b)  irrevocable letter of credit in a form acceptable
to the Board;

               (c)  any other form of security that is acceptable to
the Board.

Return of security
     16.647   The Board shall return all or part of the security provided
by an approval holder where

               (a)  the security has been replaced with other security
acceptable to the Board,

               (b)  the oilfield waste management facility has been
suspended and abandoned, the site has been decontaminated and the surface
land reclaimed such that the site has been rendered suitable for the next
intended land use, or

               (c)  the approval for the oilfield waste management
facility has been transferred to a new approval holder who has provided
security for that facility acceptable to the Board.

Forfeiture of security
     16.648(1)  The Board may direct that all or part of the security
provided by the approval holder be forfeited to the Board if

               (a)  the approval holder fails to suspend and abandon
the oilfield waste management facility, decontaminate the site and reclaim
the surface land in accordance with applicable legislation and any
requirements or directions of the Board,

               (b)  a receiver, receiver-manager or trustee has been
appointed in respect of the operations of the approval holder,

               (c)  the approval holder is subject to any proceedings
under the Companies' Creditors Arrangement Act (Canada),

               (d)  the security is in the form of an irrevocable
letter of credit and the Board receives notice from the issuing bank that
it will not renew the letter of credit, or

               (e)  the approval holder fails to adjust the amount of
security as required by the Board.

     (2)  If security is forfeited under subsection (1), the Board shall
use as much of the security as the Board considers necessary to carry out
the suspension and abandonment of the oilfield waste management facility,
site decontamination and surface land reclamation such that the site is
rendered suitable for the next intended land use.

     (3)  If the Board directs security to be forfeited under subsection
(1), the Board shall give written notice of its decision to the approval
holder.

     (4)  If the amount of forfeited security exceeds the amount required
to ensure that the oilfield waste management facility has been suspended
and abandoned, the site has been decontaminated and the surface land has
been reclaimed such that the site has been rendered suitable for the next
intended land use, the Board shall pay the excess amount to the person or
persons entitled to that amount.

     (5)  If the amount of forfeited security is not sufficient to pay for
the costs to ensure that the oilfield waste management facility has been
suspended and abandoned, the site has been decontaminated and the surface
land has been reclaimed such that the site has been rendered suitable for
the next intended land use, the approval holder and any other working
interest participants remain liable for the balance of the costs.


3   The following is added after Schedule 14:

     SCHEDULE 15

     SECURITY COSTS



Type of facility
Security required based on cost of immediate site suspension
Security required per month
Total number of months
Total security required


Oilfield waste processing facility
$50 000
$3 000
36
$158 000


Surface facility associated with stand-alone waste disposal wells (class Ia
or Ib)
$10 000
$1 000
36
$46 000


Oilfield waste storage facility or transfer station
$20 000
$2 000
36
$92 000


Biodegradation facility
$20 000
$1 000
36
$56 000


Oilfield landfill
$20 000
$1 000
36
$56 000






     ERRATA

The Reciprocal Insurance Exchange Regulation (AR 123/2001), which was
published in The Alberta Gazette of July 31, 2001 (vol. 97 no. 14), was
made by the Lieutenant Governor in Council by Order in Council numbered
O.C. 270/2001, not O.C. 123/2001 as indicated.

The Forest Protection (Payment for Services, Vehicles and Equipment)
Regulation (AR 150/2001), as published in The Alberta Gazette of August 15,
2001 (vol. 97 no. 15), contains a typographical error in the title of the
Regulation; "VEHCILES" should read "VEHICLES".