Accounting Standards Oversight Council
Peter Jewett – Chair
Miville Tremblay – Vice-Chair
Neil Le Blanc
Linda F. Mezon
Peter Jewett is senior counsel at Torys LLP. He practices corporate and securities law, with an expertise in national and international mergers and acquisitions and corporate finance. He is experienced in advising senior management and boards of directors on a broad range of topics, including current issues of corporate governance. He has sat boards of both public and private companies and not-for-profit organizations, including his current position as Chair Designate of the Shaw Festival.
Peter has served on numerous committees investigating securities and corporate law for the Ontario Securities Commission and the Canadian Bar Association. He taught securities regulation in the University of Toronto’s Faculty of Law and is a frequent speaker at conferences on securities law, corporate law, corporate governance and legal opinions.
Peter lives in Uxbridge.
Miville Tremblay was appointed Senior Representative and Director of the Montreal Regional Office (Financial Markets) of the Bank of Canada in April 2002. He is a member of the Bank’s Monetary Policy review Committee, Financial Systems Review Committee and Pension Fund Investment Committee.
Previously, Miville worked at the Caisse de dépôt et placement du Québec in Montreal, where he was Director of Strategic Intelligence. He also worked for several years as a financial journalist, particularly for La Presse. At the start of his career, Miville taught Canadian politics at the State University of New York. He is also the author of two books on finance and business and has received numerous distinctions, such as the Atkinson Fellowship in Public Policy and the Prix du livre d’affaires PricewaterhouseCoopers. He has been active in many volunteer organizations, including as Chair of CFA Montréal.
Miville lives in Montreal.
Paul Cherry was appointed to be an Officer of the Order of Canada in 2012, for “his commitment to improving financial reporting, notably through his leadership in developing international accounting standards.” The Order of Canada is Canada’s senior civilian honour, recognizing a lifetime of outstanding achievement, dedication to community, and service to the country.
Paul served as Chairman of the IFRS Advisory Council from 2009 to 2013, previously acting as Chair of the Accounting Standards Board (AcSB). In that role, Paul spearheaded Canada’s work on adopting International Financial Reporting Standards. Before joining the AcSB in 2001, he served as a partner at PwC in Canada.
Paul lives in Saint John.
Tim Duholke is a Senior Tax Advisor with Davis LLP in Vancouver. For over 30 years, he has been in public practice and specializes in advising professional firms and entrepreneurs on a broad range of taxation and related matters.
Tim is a former Chair of the Canadian Tax Foundation and was a member of their Executive Committee from 2000 to 2004 and 2005 to 2009, and acted as Interim Executive Director in 2003.
He was also a member of the 2001 BC Fiscal Review Panel that undertook a review of and reported to the Premier on the status of British Columbia's financial situation.
Tim lives in Vancouver.
Brian Fiedler has over 25 years of international business experience with leading firms, such as Coca-Cola, Colgate Palmolive, Canadian Tire and Price Waterhouse in Canada, and overseas in Australia, New Zealand and Malaysia. He is currently the Chief Financial Officer of Give & Go Prepared Foods, an international food company based in Toronto.
Brian has extensive experience in accounting and financial reporting, strategic planning, financial analysis, risk management and taxation in both public and private company environments. In addition to his role as an AcSOC member, he is also a member of CPA Canada’s Canadian Performance Reporting Board.
Brian lives in Toronto.
Lois Fine has over 25 years of accounting experience in the non-profit and charitable sector. She is currently the Director of Finance and Information Technology at YWCA Toronto, where she recently oversaw the ﬁnances related to the construction of an $80 million 300-unit green and affordable housing project for women in downtown Toronto.
Lois is also the Treasurer of the Board of the Central Toronto Community Health Centre and the Playwright’s Guild of Canada. She has consulted widely in the non-profit sector, serving agencies, private and public foundations, and government-funding bodies. For ﬁve years, she chaired an allocations panel for United Way of Greater Toronto. An experienced instructor, Lois teaches ﬁnancial management at the Schulich School of Business, as part of the Emerging Leaders and ONCoop Programs, seeking to equip leaders in the non-profit sector with the tools required for leadership.
Lois lives in Toronto.
Annie Giraudou, CPA, CA, MBA, FLMI, CFSA, CRMA, ASC
Appointed: April 1, 2013
Term expires: March 31, 2019
Annie Giraudou is currently the Vice-President of Internal Audit at Ivanhoé Cambridge Inc., where she is in charge of the audit planning, reporting, and managing the internal audit team for Ivanhoé Cambridge and Otéra Capital, amongst other responsibilities. She also participated in the Risk Management work group and drafted an integrated risk management policy as part of the transition initiatives post merger of Ivanhoé Cambridge and SITQ.
Prior to this role, Annie was the Senior Director of Internal Audit at the Real Estate Group, where she brought together the internal audit functions of the four real estate subsidiaries of the Caisse de dépôt et placement du Québec: AITQ, Ivanhoé Cambridge, Otéra Capital and Cadim. She has also held audit roles at Standard Life Assurance Company of Canada, Sun Life Assurance Company of Canada, Canadian Pacific Limited, and Coopers & Lybrand, Laliberté, Lanctôt.
Annie lives in Montréal.
Dale Gislason is currently the Senior Partner at the Winkler, Manitoba office of Gislason Targownik Peters, a public accounting practice. In this role, he provides leadership and strategic management for several functions, including attest, business advisory and tax advisory services, client relationship development, and quality assurance and ethical standards for engagements.
Dale has extensive experience with the Certified General Accountants (CGA) Association of Manitoba, as well as its national office. At CGA-Canada, he has acted as Chair and Vice-Chair of several task forces and committees, also serving as the association’s Chair of the Board and CEO in 2001 to 2002. He is also a multiple CGA Manitoba and Canada award winner. In addition, Dale is active with the International Federation of Accountants, sitting as a member on various committees since 2002.
Dale lives in Winkler, Manitoba.
Robert Herz is the past Chair of the US Financial Accounting Standards Board (FASB). He is currently an executive-in-residence at the Columbia Business School, a member of the advisory board of the Manchester Business School in England and a Trustee and Vice-Chair of the Kessler Foundation. Robert is a Chartered Accountant in England and Wales.
Prior to joining the FASB, he was a senior partner at PricewaterhouseCoopers and was a member of the global and US Boards. Robert also served as a part-time member of the International Accounting Standards Board.
He has participated in a number of accounting industry and capital markets activities, including serving as Chair of the American Institute of Certified Public Accountants SEC Regulations Committee and the Transnational Auditors Committee of IFAC, as a member of the FASB Emerging Issues Task Force, the American Accounting Association’s Financial Accounting Standards Committee, and the International Capital Markets Advisory Committee of the New York Stock Exchange. He has also served on numerous public policy commissions. Robert has authored numerous publications on accounting, auditing and business topics.
Robert lives in New Jersey, USA.
Neil Le Blanc is a former elected official from Nova Scotia with extensive experience in both the public and private sectors. Entering public office in 1984 after working for the chartered accounting firm of Peat, Marwick and Mitchell (now KPMG), Neil was elected to the Nova Scotia House of Assembly at the age of 28. He held numerous cabinet positions, from Solicitor General to Minister of Finance, where he introduced GAAP and presented the first balanced budget in Nova Scotia in 40 years before retiring from politics in 2003. Neil has since held the positions of Chief Administration Officer for the Municipality of the District of Argyle and Consul General at the Canadian Consulate in Boston where he served from 2006 to 2010.
In addition to his government experience, Neil honed his management and entrepreneurial skills in the private sector. He worked as the general manager for the Atlantic Herring Cooperative Ltd. in Yarmouth and later established N. LeBlanc Enterprises Ltd., a fish and lobster wholesale company, in 1993.
Neil lives in Wedgeport, Nova Scotia.
Brenda Leong was appointed Chair and Chief Executive Officer of the British Columbia Securities Commission in 2009. In this role, she leads the Commission to meet its strategic objectives and public interest mandate to ensure market integrity and investor protection. As a member of the Canadian Securities Administrators, North American Securities Administrators, and International Organization of Securities Commissions, Brenda represents the Commission on emerging issues in securities regulation.
Previously, Brenda served as the Commission’s executive director and chief enforcement officer from 2004 to 2009. She practiced corporate law with a Vancouver law firm earlier in her career.
Brenda lives in Vancouver.
Tom Linsmeier is Professor and Thomas G. Ragatz Distinguished Chair in Accounting at the University of Wisconsin-Madison. He previously held professorial appointments at the University of Iowa, the University of Illinois at Urbana-Champaign, and Michigan State University. Tom’s research focuses on the role of accounting information in securities markets. His work has been published in numerous academic and professional accounting and business journals.
Tom was formerly a member of the U.S. Financial Accounting Standards Board. Also, he served as Academic Fellow and Special Consultant to the Office of the Chief Accountant at the U.S. Securities and Exchange Commission, and as president of the Financial Accounting and Reporting section of the American Accounting Association.
Tom lives in Madison, USA.
David McAusland is a partner in the law firm McCarthy Tetrault. He advises corporations, shareholders and entrepreneurs focusing on business development strategies, major business transactions, cross-border issues and governance matters.
David is a highly experienced senior executive and corporate director in addition to being an accomplished business lawyer. He was previously the Executive Vice-President of Corporate Development and the Chief Legal Officer of Alcan Inc. where he had primary responsibility for the design and execution of the Corporation’s strategic initiatives and transactions around the world, as well as government relations, regulatory and legal affairs. David has been a board member of a number of well-known corporations and currently serves as a director of Cogeco Inc., Cogeco Cable Inc., Cascades Inc. and Khan Resources Inc., as well as Chairman of ATS Automation Tooling Systems Inc. and Montrusco Bolton Inc. He is actively involved in a number of not-for-profit organizations and is a strong advocate for community causes.
David lives in Montreal.
Bob Muter is a retired partner of Pricewaterhousecoopers where he was the Leader of the National Professional, Technical, Risk and Quality Group. He has served as engagement leader on several of the firm’s largest audit clients, primarily in the mining and consumer products industries. Clients have included national and international operations, private and public companies, including Securities Exchange Commission registrants.
He has had significant involvement in the standard-setting process over the years, having served as member of the Canadian Accounting Standards Board, a member of the Emerging Issues Committee and a member of Auditing and Assurance Oversight Council.
He is a representative on the Transnational Auditors Committee, a committee of the International Federation of Accountants.
Bob lives in Toronto.
Richard Neville recently retired as Vice President of Finance and Administration and Chief Financial Officer of the Royal Canadian Mint. He is currently Chair of the Board of Directors of Alterna Savings, an External Audit Member of the Canadian Security Intelligence Agency and the Canadian Border Services Agency and Chair of the Pension Committee of St. John Ambulance.
He began his public service career with National Health and Welfare before moving to the Treasury Board of Canada Secretariat as a Financial Project Officer. Richard later held the positions of Assistant Deputy Minister, Corporate Policy and Planning and Assistant Deputy Minister, Corporate Services at Public Works and Government Services Canada until returning to the Treasury Board of Canada Secretariat as Assistant Comptroller General and Assistant Secretary.
He was the Deputy Comptroller General of Canada from 1999 to 2003.
Richard lives in Ottawa.
Tricia O’Malley’s extensive experience in accounting standard setting is comprised of many leadership roles, whether as part of an organization or serving on a board. She has served two terms as the Canadian Accounting Standards Board Chair (1999-2001 and 2009-2010) and was a member of the International Accounting Standards Board (IASB) from 2001 until 2007. She then acted as the IASB’s Director of Implementation Activities until she returned to Canada in 2009. She currently chairs the International Forum of Accounting Standard Setters, an informal network of organizations with the responsibility for setting or reviewing accounting standards in their various jurisdictions.
In 2011, Tricia was named one of Canada’s Top 100 Most Powerful Women by the Women’s Executive Network. She received the Queen Elizabeth II Diamond Jubilee Medal in 2012 “for her leadership in the establishment of high-quality national and international accounting standards and her contribution to the public trust in Canadian capital markets.” She is currently a member of the Board and Audit Committee of the Independent Electricity System Operator of Ontario.
Tricia lives in Toronto and Stratford.
Robert Palombi is Managing Director and head of Standard & Poor’s Rating Services in Toronto. In this role, he is responsible for building relationships with financial market participants in Canada. In his outreach activities, he is focused on facilitating a broad understanding of Standard & Poor’s role in capital markets.
Rob is responsible for publishing Standard & Poor’s views on Canadian macroeconomic conditions and monitoring the effect of broad changes in Canada’s economy on credit quality trends and rating transition behaviour.
Rob lives in Toronto.
Catherine Riggall is a past Vice President, Business Affairs at the University of Toronto, and was responsible for non-academic operations, including financing and investment management, controller’s department and facilities.
She has had numerous vice president and senior management positions in banking and financial services, including the Canadian Imperial Bank of Commerce, Canada Trust and Moore North America.
Catherine has extensive board experience and has served as a financial advisor and chair on noted boards, such as the Stratford Festival, the Stratford Festival Endowment, McClelland and Stewart Ltd., and YWCA Canada.
Catherine lives in Stratford.
Carolyn Rogers is currently the Assistant Superintendent in the Regulation Sector of the Office of the Superintendent of Financial Institutions (OSFI). In this executive role, Carolyn is responsible for OSFI’s policy-related functions, including capital, accounting, legislation and approvals. Internationally, Carolyn represents OSFI on the Basel Committee on Banking Supervision.
Prior to joining OSFI, Carolyn served as Superintendent and Chief Executive Officer of the Financial Institutions Commission, the integrated financial sector regulator of British Columbia. Carolyn also chaired the Independent Advisory Group on Real Estate Regulation in British Columbia, the Canadian Council of Insurance Regulators and the Canadian Credit Union Prudential Supervisors’ Association.
Before entering the provincial public service, Carolyn had various roles in the private sector, including as Chief Financial Officer and Chief Executive Officer of a private company. She also worked in the financial services sector at several credit union organizations and at a major bank.
Carolyn lives in Ottawa.
Elaine Sibson has been a practicing accountant providing tax and advisory services since 1974. She is currently the Chair of the Workers Compensation Board of Nova Scotia and is on the boards of Nova Scotia Power Inc., the Dalhousie Centre for Family Business, Canadian Blood Services and Regional Prosperity. She also serves as both board member and treasurer of the Atlantic Institute of Market Studies.
Elaine retired from PricewaterhouseCoopers LLP in 2007 after 20 years as a tax partner. During her time there, Elaine attended to numerous private company clients in tax planning, estate planning and succession planning and served on a variety of committees.
Elaine lives in Halifax.
Dan Thornton holds the Chartered Accountants of Ontario Professorship at Queen’s University. He is currently a voting member of the Canadian Performance Reporting Board and is an Associate Fellow of CIRANO (The Center for Inter-university Research and Analysis on Organizations) in Montréal.
Recently, he served as a full-time Professional Accounting Fellow at the United States Securities and Exchange Commission, an associate editor of The Accounting Review (the journal of the American Accounting Association) and as a voting member of the Canadian Accounting Standards Board.
He has received both the Distinguished Contribution to Accounting Thought Award and the Outstanding Educator Award from the Canadian Academic Accounting Association. In 2009, Dan received an Outstanding International Manuscript award from the American Accounting Association.
A Fellow of the Institutes of Chartered Accountants of Ontario and Alberta, he has provided extensive expert accounting testimony to various courts and to the Senate of Canada.
Dan lives in Kingston.
Martha Tory has over 35 years of experience in providing assurance and business advisory services, currently acting as a Senior Partner at Ernst & Young LLP. Leading the organization’s healthcare, not-for-profit and university industry groups in Canada, she provides support to professionals across the country on matters specific to these industries.
Martha also has an extensive background in professional and community service acting in various capacities, such as a board chair and treasurer. She is currently a board member and Treasurer of Imagine Canada, the Institute of Competitiveness and Prosperity, The Learning Partnership, and PREVNet. She served several years on CPA Canada’s Not-for-Profit Advisory Committee.
Martha lives in Toronto.
Tom Trainor is currently the Managing Director of Hanover Private Client Corporation, which he founded in 1999. Hanover advises clients on the breadth of their personal financial affairs, utilizing advanced practices and knowledge employed by leading financial institutions and multi-family offices.
Previously, Tom was a Vice President with J.P. Morgan in both New York and Toronto and advised international companies and families on investments, acquisitions, divestitures, financing and risk management strategies. He is currently a member of the AICPA Personal Financial Planning Executive Committee, is a past president and board member of the Toronto CFA Society, and was chair of the Private Client, Governance and Audit committees. Tom was also Vice Chair of the Private Wealth Advisory Committee of the CFA Institute, which advised the professional body on the developments in the international private wealth area.
Tom lives in Toronto.