NOTICE

Audited financial statements of pension plans and sections 3862, 3863 and 4100 of the CICA Standards and Guidance Collection (CICA Handbook)

Date: June 2009

The Régie des rentes du Québec has received several requests for information regarding sections 3862 Financial Instruments—Disclosures, 3863 Financial Instruments—Presentation and 4100 Pension Plans of the CICA Handbook.

In certain cases, the Régie requires that the financial statements of pension plans be audited. As explained in the annual information return, these financial statements must be prepared in accordance with the standards now in the CICA Handbook. This also applies to standards in any new sections that take effect, unless they specifically exclude pension plans.

The handbook indicates that, for fiscal years beginning on or after 1 October 2007, the financial statements of pension plans must respect the standards set out in sections 3862 and 3863. The Régie therefore expects the audited financial statements for pension plans whose fiscal year ends on or after 30 September 2008 to meet these new standards.

Section 4100 continues to apply, but the Régie accepts that the plan's benefit commitments not be presented.

For more information, contact:

Information Officer
Direction des régimes de retraite
Régie des rentes du Québec
Case postale 5200
Québec (Québec) G1K 7S9

Telephone (toll free): 1 877 660 8282
Fax: 418 643 7421
Internet: www.rrq.gouv.qc.ca