Accounting Standards Board

Voting members

Linda Mezon – Chair
Karen Higgins – Vice Chair
Armand Capisciolto
Lara Gaede
Garnet Garven
Paul Hargreaves
P. Marc Joyal
Gale Kelly
Michel Magnan
Christian Schaefer

Non-voting members

Stephenie Fox
Rebecca Villmann

Staff contact

Harry Klompas


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

Linda F. Mezon is the Accounting Standards Board (AcSB) Chair and has served in this capacity since July 1, 2013. Combined with her previous board experience as a volunteer member, she has 12 years of experience as a standard setter, including the period encompassing the adoption of IFRSs 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 IFRSs 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 a member of the Board of Directors of the Toronto Rehabilitation Institute Foundation and the Dancer Transition Resource Centre, and their finance committees.

Linda was named a fellow of the Institute of Chartered Accountants of Ontario in 2013, is a CPA (Michigan) and 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, 2017

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.


Armand Capisciolto, CPA, CA, CPA (Michigan)
Appointed: April 1, 2015
Term expires: March 31, 2018

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.


Lara Gaede, FCPA, FCA, CFA, ICD.D
Appointed: April 1, 2012
Term expires: March 31, 2018

Lara Gaede has been with the Alberta Securities Commission (ASC) for most of her career and is currently its Chief Accountant and Chief Financial Officer. In her positions, Lara exercises her wide breadth of accounting knowledge of various industries with focus on oil and gas, and the practical implication of regulations on issuers. She is responsible for effective internal controls and financial reporting for the ASC. Lara is part of the senior executive team responsible for considering and approving policy decisions and making strategic and operational decisions. She is not a representative of the Canadian Securities Administrators (CSA) in her capacity as an AcSB member.

In addition, Lara sits on various committees and Chairs the CSA Chief Accountants Committee. Prior to taking on her current roles, Lara worked as a Senior Manager at Ernst & Young, the Chief Accountant at the Cimarron Engineering Consultants Ltd., and was a Senior Associate at Coopers & Lybrand.

Lara lives in Calgary. 


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 $130 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, 2017

Paul Hargreaves has been with the BC Dairy Association since 2001 where he is responsible for financial reporting, budget planning and controls. 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 been Treasurer for the BC Agricultural Research and Development Corporation, and is a member of the Finance and Audit Committee of the BC Agriculture Council. He is also a member of the Joint AcSB/PSAB Not-for-Profit Task Force.

Paul lives in North Vancouver.


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, Ontario.


Gale Kelly, FCPA, FCA
Appointed: April 1, 2012
Term expires: March 31, 2018

Gale Kelly has worked for 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 US accounting standards, including International Financial Reporting Standards (IFRSs). Gale’s areas of expertise include securitization, derivatives and hedging, consolidation, leases and stock-based compensation. She is the Chair of the AcSB’s IFRS Discussion Group.

Active in her profession, Gale is a frequent speaker at conferences, lecturing on such topics as IFRSs and US GAAP. She also sits on various committees at KPMG, including leading several of its topic teams (i.e., financial instruments, stock-based compensation and pensions) and co-founding KPMG Canada’s Women’s Interchange Network. She is also a member of the Office of the Superintendent of Financial Institutions’ Deposit-taking Institutions Auditors Advisory Committee and the Ontario Securities Commission’s Continuous Disclosure Advisory Committee.

In addition, Gale is active in her community, presently a member of the audit committee of Habitat for Humanity GTA, and is a member of the Art Gallery of Ontario’s Curators’ Circle Committee and its smART Women Group.

Gale lives in Toronto.


Michel Magnan, MBA, PhD, FCPA auditeur, FCA, ASC, CDir
Appointed: April 1, 2011
Term expires: March 31, 2017

Michel Magnan is Professor and Lawrence Bloomberg Chair in Accountancy at the John Molson School of Business (Concordia University). His areas of interest include financial reporting and disclosure, governance, performance and compensation management, financial statement analysis, corporate social responsibility and environmental and ethical issues. He has published more than 90 articles on these topics.

Michel has served as the Editor in Chief of Contemporary Accounting Research and is still on the Editorial Board for this publication. He is currently Chair of the AcSB’s Academic Advisory Council and a member of CPA Magazine's Editorial Advisory Board. Michel is also involved in several academic, professional or business organizations.

He lives in Montreal.


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

Christian Schaefer

With more than 12 years of financial experience, Christian Schaefer is currently the Director of Finance 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 as the Regional Manager, Finance and Administration at the Canada Mortgage and Housing Corporation (CMHC), as well as a Controller of Deloitte LLP in Zurich, Switzerland. He completed a Master’s degree in Business Administration in Germany and holds a Doctorate in Business Administration (DBA) from the UK.

Christian lives in North Vancouver.