Accounting Standards Board


Linda Mezon – Chair
Karen Higgins – Vice Chair
Nancy Anderson
Armand Capisciolto
Michel Charbonneau
Steve Fortin
Garnet Garven
Paul Hargreaves
Charles Henaire
P. Marc Joyal
Gale Kelly
Christian Schaefer

Staff contact

Harry Klompas


Linda Mezon, FCPA, FCA, CPA (MI), CGMA
Appointed: July 1, 2013
Term expires: March 31, 2021

Linda MezonLinda F. Mezon is the Accounting Standards Board (AcSB) Chair and has served in this capacity since July 1, 2013. Linda’s experience as a standard setter began in 2004 when she was appointed as a volunteer AcSB member. Her time with the Board includes the period encompassing the adoption of IFRS Standards and development of separate sections of the CPA Canada Handbook – Accounting for private enterprises and not-for-profit entities.

Linda provides leadership to the AcSB to achieve its mission, as well as enables and promotes a deeper stakeholder understanding of the Board’s strategic plan and activities. She is a frequent speaker on topics related to financial reporting, able to represent both the standard setter and preparer points of view.

Prior to her appointment as Chair, Linda was the Chief Accountant at the Royal Bank of Canada (RBC), responsible for the interpretation and application of IFRS Standards and U.S. GAAP. She also monitored compliance with Canadian regulatory requirements on financial disclosure and was responsible for auditor independence. Before RBC, Linda held other senior positions in industry and also has four years of experience in public accounting.

In regards to her not-for-profit experience, Linda is Chair of the Board of Directors of the Toronto Rehabilitation Institute Foundation, serving as Vice Chair as well as Chair of its Governance Committee.

Linda was named a fellow of the Institute of Chartered Accountants of Ontario in 2013, is a Certified Public Accountant (Michigan) and Chartered Global Management Accountant (CGMA), holds a BA in Accounting from Michigan State University and an MBA from the University of Detroit.

Linda lives in Toronto.


Karen Higgins, FCPA, FCA
Appointed: November 1, 2010
Term expires: March 31, 2019

Karen Higgins is the National Director of Accounting Services for Deloitte & Touche LLP Canada. She is responsible for the firm’s accounting consultation network, focusing on all aspects of Canadian GAAP. She oversees the technical component for learning, compliance and marketplace materials relating to International Financial Reporting Standards (IFRSs), accounting standards for private enterprises, not-for-profit organizations and public sector accounting standards.

Karen is a member of Deloitte’s IFRS leadership team and the national subject matter specialist for financial instruments, hedging and derivatives. She is the former Chair of the AcSB’s IFRS Discussion Group, participates in the Canadian Securities Administrator’s Financial Reporting and Advisory Committee, and was previously a member of the AcSB’s Emerging Issues Committee.

Karen lives in Toronto.


Nancy Anderson, CPA, CA, MA
Appointed: April 1, 2017
Term expires: March 31, 2020

Nancy AndersonNancy Anderson is the Chief Financial Officer and Vice President, Financial Reporting with REALpac, Canada’s national real estate property association. Nancy is an accomplished multi-faceted and innovative CFO offering over 20 years of diverse experience in various business environments. She holds an exceptional performance record demonstrated within both large complex organizations and small high-profile organizations.

Nancy has also acted as a Seminar Leader with CPA Ontario’s School of Accountancy, and was previously part of an elite team directing the financial and operational change to IFRS reporting of the Hudson’s Bay Company. Nancy has participated in international events as both speaker and panelist. She is also the author of “Recommended Accounting Practices for Real Estate Investment and Development Entities Reporting in Accordance with ASPE” and amendments to “Recommended Accounting Practices for Real Estate Investment and Development Entities Reporting in Accordance with IFRS”.

Nancy lives in Burlington.


Armand Capisciolto, FCPA, FCA, CPA (MI)
Appointed: April 1, 2015
Term expires: March 31, 2021

Armand Capisciolto is the National Accounting Standards Partner with BDO Canada LLP, where he has spent the majority of his career. Armand joins the Board with extensive knowledge and experience with all of the Canadian financial reporting frameworks, servicing private and public companies, not-for-profit organizations, pension plans and public sector entities.

He has a breadth of experience working with standards, having been a member of the Public Sector Accounting Discussion Group, the Accounting Standards Board’s International Financial Reporting Standards Discussion Group, and a former member of the IFRS Advisory Committee and the Auditing and Assurance Standards Board’s Internal Control over Financial Reporting Task Force.

Armand lives in Sault Ste. Marie.

Michel Charbonneau, CPA, CA, CPA (IL)
Appointed: April 1, 2017
Term expires: March 31, 2020

Michel CharbonneauMichel is an assurance partner in the Montreal office of PricewaterhouseCoopers LLP (PwC). He is the senior member of the Montreal office’s Accounting Consulting Services department of the PwC national office.  Michel is bilingual and possesses over 15 years of experience with International Financial Reporting Standards (IFRSs) domestically and internationally. He has deep technical expertise in Canadian and U.S. GAAP, and with Canadian and SEC regulatory matters.

Michel is a member of the Global Accounting Consulting Services Group of the PwC International Network. He is also a former member of the Advisory Committee on Financial Reporting Matters to the Autorité des marchés financiers (AMF). Michel is an active contributor to PwC thought leadership on accounting matters and a frequent lecturer on IFRS and U.S. GAAP.

Michel lives in Montreal.

Steve Fortin, CPA auditeur, CA, PhD, ICD.D
Appointed: April 1, 2017
Term expires: March 31, 2020

Steve Fortin

Steve is Director, School of Accounting and Finance at the University of Waterloo, having joined in September 2018.  Prior to that, he was Associate Professor of Accounting at the Desautels Faculty of Management, McGill University, and the Associate Dean, Masters Programs, in charge of all non-Executive masters programs in the faculty. Steve was also responsible for the academic direction of the Institute of Corporate Directors Program.

Steve is bilingual and has practical experience serving smaller business organizations and not-for-profit organizations. Through his academic studies, he has gained experience with public companies. He is an active researcher on a range of topics, including financial instruments, hedge accounting, fair value measurement, related party disclosures and audit quality. Steve is currently, or served previously as, a member of the editorial boards of the “Canadian Journal of Administrative Sciences,” “International Journal of Accounting, Auditing and Performance Evaluation” and “Contemporary Accounting Research.”

Steve lives in Waterloo.


Garnet Garven, MBA, Hon. CPA
Appointed: April 1, 2016
Term expires: March 31, 2019

Garnet GarvenGarnet Garven is Dean of Business Emeritus at the University of Regina. He is a board member of PSP Investments, a $135 billion global pension investment fund based in Montreal. He also serves on the Management Board of the Organisation for Economic Co-operation and Development’s Pension Budget Reserve Fund in Paris.  Most recently, Garnet was Senior Fellow at Canada's Public Policy Forum, an Ottawa-based think tank. Prior to joining the University of Regina, he was also a Research Fellow in Corporate Governance at the Richard Ivey School of Business.

Garnet is a former Deputy Minister to the Premier, Cabinet Secretary and Head of the Saskatchewan Public Service. He previously served as Chair and Chief Executive Officer of the Saskatchewan Workers’ Compensation Board (WCB), National President of the Association of WCBs of Canada, as well as other senior roles in the provincial and municipal sectors.

Garnet lives in Regina.

Paul Hargreaves, CPA, CMA
Appointed: April 1, 2014
Term expires: March 31, 2020

Paul Hargreaves is General Manager of the BC Dairy Association. He has been with the Association since 2001. In addition to his core role as Financial Officer, Paul has managed many of the Association’s policy files and the proAction program. He previously worked as a consultant and as Executive Director at a community-based childcare and youth services provider.

Paul’s community involvement is extensive, having acted as President of the Parkgate Community Services Society, a not-for-profit organization delivering community recreation, youth outreach and childcare programs. He has served as a director of the BC Agriculture Research and Development Corporation and is a member of BC Agriculture Council’s finance committee. Paul is the Chair of the AcSB’s Not-for-Profit Advisory Committee.

Paul lives in North Vancouver.

Charles Henaire, FCPA, FCA
Appointed: April 1, 2017
Term expires: March 31, 2020

Charles HenaireCharles is the Executive Vice-President, Deputy Chief Financial Officer, Chief Accounting and Control Officer for Great-West Lifeco. He possesses strong IFRS accounting knowledge and skills in interpreting and implementing International Financial Reporting Standards (IFRSs). Charles is responsible for all IFRS accounting and financial reporting items for Great-West Lifeco, including its subsidiaries across Canada, the U.S. and Europe. Charles has been with Great-West Lifeco since 1994.

Charles was previously with Deloitte & Touche LLP Canada, where he was the Manager on the Great-West Life and Investors Group engagements. He is a board member of The Manitoba Museum and is the past Audit Committee Chair of the Crown Corporations Council. He also acted as the Chair of the Audit Committee of the Canadian Institute of Chartered Accountants (one of the predecessor bodies of CPA Canada).

Charles lives in Winnipeg.


P. Marc Joyal, CPA, CA
Appointed: April 1, 2016
Term expires: March 31, 2019

P. Marc JoyalMarc Joyal has over 25 years of experience in financial management and reporting, treasury and investments, information technology and facilities resources management, amongst other responsibilities. He is currently the Vice-President of Resources at the University of Ottawa, where he also serves as a member of the board of directors for the Ottawa Health Science Complex, a not-for-profit entity that partners two hospitals and the University of Ottawa for operations and asset sharing.

Marc previously served as Vice-President, Corporate Services and the Chief Financial Officer for the Canada Mortgage and Housing Corporation, as well as the Executive Vice-President and Vice-President, Business Administration and Finance for the Montfort Hospital.

Marc lives in Orleans.


Gale Kelly, FCPA, FCA
Appointed: April 1, 2012
Term expires: March 31, 2020

Gale KellyGale Kelly has been with KPMG LLP since 1991 and is currently a Partner in its Department of Professional Practice. In her role, she assists engagement teams and clients in determining the appropriate accounting for complex transactions under Canadian and International Financial Reporting Standards (IFRSs). Gale’s areas of expertise include securitization, derivatives and hedging, consolidation, leases and employee benefits. She is also the quality control and securities partner for large public entities, mostly in the financial services sector. Gale sits on various committees at KPMG, including leading several of its topic teams (i.e., financial instruments, stock-based compensation and pensions) and is the co-founder of KPMG Canada’s Women’s Interchange Network.

Gale currently acts as the Chair of the AcSB’s IFRS Discussion Group. She is also a member of the Office of the Superintendent of Financial Institutions’ Deposit-taking Institutions Auditors Advisory Committee and was previously a member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee (2010-2018).

In addition, Gale is active in her community, presently a member of the AGO Foundation Board and a member of the audit committee of Habitat for Humanity GTA.

Gale lives in Toronto.


Christian Schaefer, DBA, MBA, CPA, CMA
Appointed: April 1, 2016
Term expires: March 31, 2019

Christian SchaeferChristian Schaefer is the Chief Financial Officer for Thorsteinssons LLP in Vancouver. He has worked for private and public firms in Canada and Europe, using International Financial Reporting Standards as well as national accounting standards in four different countries.

Christian last served in management roles at the Canada Mortgage and Housing Corporation (CMHC) and Deloitte LLP in Switzerland. He completed a Master’s degree in Business Administration in Germany and holds a Doctorate in Business Administration (DBA) from the U.K..

Christian lives in North Vancouver.