DRAFT Minutes - Institute of Chartered Accountants of BC

from the Institute.
Introductions of those seated at the head table were made, members were asked to register any proxies
not already registered, and members were reminded to clearly identify themselves prior to speaking.
2. Notice of Meeting
Moved and seconded, that the reading of the Notice of Meeting be waived. CARRIED.
3. The Membership
It was noted that the Institute now had 11,146 members and 1,874 students.
All members who had joined the ICABC in the past year were asked to stand, and give their names. No
new members were recognized.
It was also noted that since the 2011 Annual General Meeting, the Institute had been notified of the
deaths of 45 members. Members were advised that a handout was available listing those members who
had passed away should they wish to pick one up.
4. Appointment of Scrutineers
Moved and seconded that the firm of Wolrige Mahon LLP be appointed as scrutineers for the
2012/2013 Council election and Annual General Meeting and that Peter Posnikoff, CA be appointed as
Chief Scrutineer. CARRIED.
5. Minutes of 106th Annual General Meeting held June 22, 2011
Moved and seconded that the minutes of the 106th Annual General Meeting held on June 22, 2011 be
approved as distributed. CARRIED.
6. President’s Report
It was noted that the President’s report, which was made available to all members on the website,
outlined the Institute’s activities for the year.
A brief overview of a number of issues Council addressed during the past year was provided including:
• The implementation of new standards and the development of new tools and programs to assist
members;
• The use of new enforcement mechanisms for non-compliance with Continuing Professional
Development (CPD) requirements, including suspension and cancellation of membership; and,
• Significant strategic efforts regarding unification, discipline transparency and growth of the
profession.
In addition to the issues addressed by Council, many of which will be ongoing, it was noted that 8 BC
Honour Roll graduates were recognized at the 2012 Convocation ceremony along with approximately
365 other new graduates plus families and colleagues.
The professional staff members were recognized for their support, dedication and commitment to the
profession. In addition, members were thanked for their part in making the year so significant. The
incoming Vice Presidents were wished the same success.
7. Financial Statements for the Year Ended March 31, 2012
The Treasurer noted that the audited financial statements of the ICABC, as well as a management
discussion and analysis, had been provided to all members on the AGM website, or on request by
contacting the ICABC. In addition, it was noted that the audited financial statements of the Benevolent
Fund were available upon request.
The auditors’ representative, William Cox, CA, from BDO Canada LLP, was recognized.
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