AcSOC Gets New Leadership; AcSB Chair Reappointed
Media Release / Communiqué
TORONTO, ON March 10, 2016 – The Accounting Standards Oversight Council (AcSOC) is pleased to announce new leadership appointments to the Council and the reappointment of the Accounting Standards Board (AcSB) Chair.
Effective April 1, 2016 for three-year terms, Peter Jewett, LLB and Miville Tremblay, MA, MBA, CFA will act as AcSOC’s new Chair and Vice-Chair, respectively. Also effective April 1, 2016 and set for an extended five-year term, Linda Mezon, FCPA, FCA, CPA (MI) was reappointed as the AcSB’s Chair, a position she has held since 2013.
“The future of accounting standards setting and the oversight of that process is in the very capable of hands of these newly appointed and reappointed leaders,” said Kevin Nye, outgoing AcSOC Chair and Senior Vice President, Enterprise Risk for Group Risk Management at Royal Bank of Canada.
“I look forward to Peter and Miville steering the ship and supporting the Boards as they continue increasing stakeholder engagement. And by extending the traditional three-year term to five for Linda, the AcSB and its stakeholders will have the continuity of leadership needed to navigate through the Board’s soon-to-be issued 2016-2021 Strategic Plan.”
Mr. Jewett served as AcSOC’s Vice-Chair from 2012 to 2016 and is senior counsel at Torys LLP, where he practices corporate and securities law, with an expertise in national and international mergers and acquisitions and corporate finance.
Mr. Tremblay has been an AcSOC member since 2014 and is the Senior Representative and Director of the Montreal Office (Financial Markets) of the Bank of Canada.
Ms. Mezon has over 10 years of experience as a standard setter, including the period encompassing the adoption of International Financial Reporting Standards (IFRSs) and development of accounting standards for private enterprises.
The Accounting Standards Oversight Council (AcSOC) is an independent, volunteer body established by the Canadian Institute of Chartered Accountants (now CPA Canada) in 2000 to serve the public interest by overseeing and providing input into the activities of the Accounting Standards Board (AcSB). In 2003, AcSOC started overseeing and providing input into the activities of the Public Sector Accounting Board (PSAB).
The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. The AcSB serves the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards.
Communications Manager, Standards
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