Protecting the Public Interest
CAIRP sets high standards and holds our members accountable for meeting those standards in order to maintain public trust and confidence in the Chartered Insolvency and Restructuring Professional (CIRP) designation.
To ensure the protection of the public at all times, all CAIRP members:
- must comply with its Bylaws, Standards of Professional Practice and Rules of Professional Conduct
- must meet annual mandatory professional development requirements by participating in continuing education activities
- are subject to a complaint and discipline process
CAIRP’s Professional Conduct Committee is responsible for investigating complaints regarding any CAIRP member. CAIRP’s Discipline Committee can sanction a member liable for professional misconduct.
To ensure compliance among our members, we conduct audits and reviews of members’ continuing professional development activities and review all complaints that are submitted.
Have a concern or complaint about a CAIRP member?
If you have a concern or complaint about a CAIRP member, you can submit a complaint to CAIRP’s Professional Conduct Committee by completing a Professional Conduct Complaint form.
While CAIRP maintains strict standards for its members, it is not a regulatory authority. The Office of the Superintendent of Bankruptcy (OSB) is the federal regulator of the insolvency process. One of its mandates is to ensure Licensed Insolvency Trustees comply with the Bankruptcy and Insolvency Act (BIA) and its regulations.
More than 90% of Licensed Insolvency Trustees licensed by the OSB are members of CAIRP. The OSB performs regular inspections to ensure that Licensed Insolvency Trustees comply with the BIA and its rules, as well as any directives issued by their office. For information on how to submit a complaint to the OSB and how it protects the public, click here.