Ethics and Standards
For a charity to remain a member in good standing, the charity must adhere to the ethics and standards of conduct of the Association. These include an annual review by the CCAA, and every three years each charity must have its annuity balances, reserves and investments audited by an actuary to confirm to the association that the charity is in good financial standing in order to fulfill all obligations for the lifetime of all annuitants.
A charity must adhere to the following ethics and standards of conduct:
- The charity must undergo an annual review
- Every three years each charity must have its annuity balances, reserves and investments audited by an actuary to confirm to the association that the charity is in good financial standing in order to fulfill all obligations for the lifetime of all annuitants.
- The Charity must submit all agreements and promotional material in a compliance report on practices and procedures to the board of the association.
For more information about the CCAA organization, click HERE
