2020 – Summary of Decision re: Edward
Cyr formerly carrying on business as Edward A. Cyr, CPA, CGA
December 9, 2020
Summary of Complaint
Edward Cyr issued a review engagement
report for a long-standing client without the required Review License in 2020.
He had previously held a Review License, which he chose not to renew in 2018. He then submitted false or misleading
information to CPA Nova Scotia on his planning questionnaire to the Director of
Professional Standards in 2019 which stated that his practice did not include
the preparation of review engagements.
Following an investigation, the
Investigation Panel determined that there is sufficient evidence that, if
proven, would constitute professional misconduct, incompetence or conduct
unbecoming warranting a registration sanction, and the matter was resolved by a
Resolution Agreement. Mr. Cyr is reprimanded for the conduct described above
and has agreed to retire as an active member in CPA Nova Scotia.
The Resolution Agreement between the
Investigation Panel and Respondent includes the following terms:
The Respondent accepts a
The Respondent will permanently
retire with an undertaking not to return to the work force or offer public
accounting or regulated services to the public. The workforce includes
self-employment or employment where he applies any of the technical
competencies as defined by the CPA Canada’s Chartered Professional Accountancy
The Respondent undertakes not
to serve on any board or similar governing body, or an audit, finance, or
similar governance committee;
The Respondent will cease using
the “CPA, CGA” designation; and
The Respondent will de-register
his firm, Edward A. Cyr, CPA, CGA.
The Reprimand and Resolution Agreement
became effective on November 12, 2020.