Auditing and Assurance Standards Oversight Council

Voting members

Bill McFetridge – Chair
Jean Bédard
Carol Bellringer
Phil Cowperthwaite
Shannon Gangl
John Gordon
Brian Hunt*
Cameron McInnis
Susan McIsaac
Martin Ouellet
Stan Pasternak
Karen Stothers*
Mike Volker
Bruce Winter

Non-voting members

Stephenie Fox
Darrell Jensen
Ron Salole
Michael Tambosso
Eric Turner

 

Bill McFetridge, LLB, FCA, CPA
Appointed: April 1, 2009
Term expires: March 31, 2017
CHAIR

Bill McFetridge practices business law with the law firm of Bull, Housser & Tupper LLP in Vancouver. With over 35 years’ experience, Bill acts for clients in a wide range of industries including transportation, marine, forestry and construction. As one of Vancouver’s leading business lawyers, he has considerable expertise advising on acquisitions and divestitures of privately owned businesses.

Before practicing law, Bill qualified as a Chartered Accountant (now CPA) in 1974 and is a member of the Chartered Professional Accountants of Manitoba and of British Columbia. He was recognized as a Fellow of the Institute of Chartered Accountants of BC in 2012. Throughout his career, he has remained active in the accounting profession at both the provincial and national levels. From 2001 to 2008, Bill served as a member of the Accounting Standards Oversight Council. He has served on the Auditing and Assurance Standards Oversight Council since April 2009 and was appointed Chair in July 2011.

Bill lives in Vancouver.

 

Jean Bédard, PhD, FCPA Auditor, FCA
Appointed: October 1, 2010
Term expires: March 31, 2017

Dr. Jean Bédard is a Professor with the Faculté des sciences de l'administration and holds the Chair in corporate governance at the Université Laval.

Jean was a member of the Auditing and Assurance Standards Board from 2004 to 2006 and the Internal Auditing Standards Board from 2001 to 2004. He has published many research articles, on topics such as audit regulation, auditor independence, costs and benefits of audit, and audit committees. In 2013, he received the Haim Falk Award for Distinguished Contribution to Accounting Thought from the Canadian Academic Accounting Association.

He received his undergraduate degree at the HEC Montréal, followed by a PhD in Business Administration from the University of Southern California.

Jean lives in Quebec City.

 

Carol Bellringer, CPA, CA, FCA
Appointed: April 1, 2015
Term expires: March 31, 2018

Carol Bellringer is the Auditor General for the Province of British Columbia and former Auditor General for the Province of Manitoba.  Carol possesses an extensive background in conducting financial statement audits, performance audits and investigations. A Chartered Professional Accountant (CPA), Ms. Bellringer holds a Bachelor of Commerce from Concordia University and an MBA from the Warsaw School of Economics, L'Université du Québec à Montréal. She also was named a Fellow of the Chartered Accountants of Manitoba in 2006 in recognition of her contributions to the community.

Prior to leading the Offices of the Auditor General in Manitoba and British Columbia, Carol served as the City Auditor for the City of Winnipeg, and has held management positions with KPMG in Montreal, Toronto and Winnipeg, and with Media One International in Warsaw, Poland. She is also a former Director of Private Funding at the University of Manitoba.

Carol lives in Victoria.

 

Phil Cowperthwaite, FCPA, FCA
Appointed: January 1, 2006
Term expires: March 31, 2018

Phil Cowperthwaite is a partner of Cowperthwaite Mehta, a public accounting firm he founded in 1986. His primary area of practice is providing audit services to small not-for-profit organizations. Prior to that, he was with Ernst & Young providing assurance services to public and multi-national clients.

From 2006 to 2011, Phil served as a member of the International Auditing and Assurance Standards Board. During this time, Phil chaired three task forces, including those that revised international standards for review and compilation engagements. He was also a member of the International Federation of Accountants Small and Medium Practices Committee. Phil participated on the CPA Canada/Canadian Public Accountability Board Committee on Enhancing Audit Quality and, since 2013, has been a member of CPA Canada’s Practitioner’s Technical Advisory Board.

Phil holds a Bachelor of Science from Queen’s University and became a Chartered Accountant (now CPA) of Ontario in 1978.

Phil lives in Toronto.

 

Shannon Gangl, BCom, LLB
Appointed: April 1, 2012
Term expires: March 31, 2018

Shannon Gangl is a partner with the law firm of Burnet, Duckworth & Palmer LLP in Calgary. She serves as counsel to various public and private companies and underwriters on various securities and corporate law matters, including: merger, acquisition and reorganization transactions, public and private offerings of debt and equity securities, corporate governance and stock exchange listing matters and regulatory compliance matters. With over twenty years of experience, Shannon is recognized as a leading practitioner in Canada in the area of corporate law.

Shannon received a Bachelor of Commerce in 1984 from the University of Alberta, a Bachelor of Laws in 1992 from the University of Victoria and was called to the Bar in Alberta in 1993.  She has served as a director and/or Corporate Secretary of various public and private companies and is currently a member of the board of directors of Ronald McDonald House Southern Alberta.

Shannon lives in Calgary.

 

John Gordon, CPA, CA, ICD.D, CFA
Appointed: April 1, 2015
Term expires: March 31, 2018

John Gordon is the Canadian Managing Partner, Audit and a member of the Management Committee at KPMG Canada. Previously, John was the Office Managing Partner for the Calgary office. John has previously served on the Board of Directors of KPMG Canada, and the audit committee of the Calgary Exhibition & Stampede and the Alberta Adolescent Recovery Centre.

John is an active lecturer and facilitator at various professional programs including the Audit Committee sessions of the Director’s Education Program of the Institute of Corporate Directors, and was previously a member of the Institute of Corporate Directors, Calgary Chapter Executive Committee.

John lives in Toronto.

 

Brian Hunt, FCPA, FCA, ICD.D*
Appointed: April 1, 2009
Term expires: N/A

Brian Hunt was appointed CEO of the Canadian Public Accountability Board (CPAB) in 2009. Prior to this, he was President and CEO of the Institute of Chartered Accountants of Ontario. Brian has held executive positions in both not-for-profit organizations and private companies.

Brian represents CPAB on the International Forum of Independent Audit Regulators. In April 2015, he was elected its Vice Chair. Prior to that appointment, he was Chair of its Global Public Policy Committee Working Group.

The Institute of Chartered Accountants of Ontario awarded Brian his Fellowship in 2000 and awarded him Life Membership in 2009.

Brian lives in Oakville.

 

Cameron McInnis, CPA, CA,
CPA (Illinois)
Appointed: September 1, 2010
Term expires: N/A

Cameron McInnis represents the Canadian Securities Administrators on the Auditing and Assurance Standards Oversight Council and is the Chief Accountant of the Ontario Securities Commission. In this role, he is responsible for providing specialized accounting and auditing advisory services to the Commission, its senior management and staff, and market participants. He joined the Commission in 2001 and has served as Manager in its Corporate Finance branch, as well as Associate Chief Accountant at both the Ontario and the British Columbia Securities Commission.

Cameron worked at a major accounting firm for several years before beginning his securities regulatory career in 1999. He obtained his Chartered Accountant designation (now CPA) in 1993 after graduating from the University of British Columbia with a Bachelor of Commerce degree.

Cameron lives in Oakville.

 

Susan McIsaac, FCA
Appointed: October 1, 2010
Term expires: March 31, 2017

Susan McIsaac is the managing partner of McIsaac Darragh Chartered Accountants in Amherst, N.S. A founding member, she was appointed President of the AC Group of  Independent Accounting Firms Limited in 2012. Susan has 20 years experience  providing practical advisory, assurance and tax services to a broad range of small businesses and not-for-profit organizations.

Active with the Institute of Chartered Accountants of Nova Scotia for a number of years, Susan was awarded her Fellowship from the Institute  in 2007 and completed a term as president of its Council in 2010. She chairs the Audit Committee for Innovacorp and is a member of the Board of Regents of Mount Allison University.

Susan graduated with distinction from Mount Allison University with a Bachelor of Commerce and received her Chartered Accountant designation with honours in 1990.

Susan lives in Amherst.

 

Martin Ouellet, MEcon
Appointed: April 1, 2012
Term expires: March 31, 2018

Martin Ouellet is a treasury management specialist, actively involved in the management of liquidity, funding and financial risks related to interest rate and exchange rate fluctuations. He has more than 30 years’ experience in treasury management, and interest rate and foreign exchange arbitrage, in Montreal, Toronto and London. After holding various management positions at the National Bank of Canada, including Senior Vice-President, Corporate Treasury, Martin retired from National Bank of Canada in December 2011. He now acts as a corporate director.

Martin is a member of the Institute of Corporate Directors. He serves as a director on the boards of Assurance-vie Banque Nationale and Equity Financial Holdings Inc., and as Chair of the Risk & Capital Committee of Equity Financial Trust Co..

Martin holds a Bachelor’s degree in business from the HEC Montréal.

Martin lives in Outremont.

 

Stan Pasternak, MBA
Appointed: November 1, 2010
Term expires: March 31, 2017

Stan Pasternak was the Senior Vice President and Treasurer at Canadian Tire Corporation, Limited having been with the company since 1990 in various senior roles associated with treasury, tax and audit. He retired from Canadian Tire in March 2011. Stan’s primary responsibilities at Canadian Tire included key senior relationship interface with 11 domestic and international banks, the principal link to rating agencies and the primary contact for institutional debt investors. He also had responsibility for corporate finance and risk management.

Stan was trustee of the profit-sharing plan and had functional responsibility for fund management interaction of the defined contribution pension plan. He was also a member of the Executive Committee and a board member on a number of key subsidiaries. Prior to joining Canadian Tire, he was with the Royal Bank of Canada. Stan sits on the boards of a number of companies including CST Trust Company and operates BLRD Corporation, a consulting company.

Stan received his MBA from York University after  a BA (Economics and Psychology) at Concordia University in Montreal.

Stan lives in Thornhill.

 

Karen Stothers, CPA, CA*
Appointed: April 1, 2010
Term expires: N/A

Karen Stothers is the Senior Director, Accounting Policy Division of the Office of the Superintendent of Financial Institutions (OSFI) where she has regulated banks and insurers for over 10 years. In her current role, she is the head of a centre of expertise in accounting and auditing standards, processes for domestic and international accounting, disclosure and auditing policy practices for the regulation of banks and insurers. This centre is the authoritative voice of OSFI with domestic and international liaison parties (for example, standard setters, regulators and auditors), to ensure the ongoing assessment of key national and international accounting, disclosure and auditing standards and trends of significance to regulators. Karen is a member of the Basel Committee on Banking Supervision’s Accounting Experts Group.

From 1989 to 2002, Karen was in the banking industry and was responsible for, amongst other things, the corporate accounting policy and advisory for both Canadian and U.S. standards, auditing, internal and external financial reporting, and regulatory capital reporting and advisory of new capital market products, structures and businesses (including highly structured transactions, credit derivatives, securitizations). She previously worked with one of the big four accounting firms in Canada.

Karen has an undergraduate degree from the University of Toronto and became a Chartered Accountant (now CPA) in Ontario in 1989.

Karen lives in Toronto.

 

Mike Volker, MASc, P.Eng
Appointed: November 1, 2010
Term expires: March 31, 2017

Mike Volker is an entrepreneur active in the development of new high-technology ventures. As a University of Waterloo graduate, in 1973 Mike started his own company, Volker-Craig Ltd. Since he sold this company in 1981, he has been an active investor. He is president of Simon Fraser University’s commercialization enterprise, SFU Univentures Corp. He is a director of the National Angel Capital Organization and heads up its Policy Committee. He also is a director of Open Source Health Inc., and serves on a number of private company and not-for-profit boards.  

Mike is Chair of three Angel Funds: GreenAngel Energy Corp, a public company that invests in green technologies;  the Western Universities Technology Innovation Fund, an angel fund for startups; and PowerHaus Technology Ventures VCC. To further encourage tech entrepreneurship, Mike runs the Vancouver Angel Network, VANTEC and the Vancouver Chapter of the Keiretsu Forum. Mike is on the Board of New Ventures BC, an annual business competition. Mike was Chair of the Vancouver Enterprise Forum for several years. In 2009, he was named Canadian Angel Investor of the Year by the National Angel Capital Organization as well as BC Angel of the Year by the BC Angel Forum.

Mike is a Professional Engineer and holds a Masters of Applied Science degree from the University of Waterloo.

Mike lives in Vancouver.

 

Bruce Winter, FCPA, FCA
Appointed: April 1, 2015
Term expires: March 31, 2018

Bruce Winter is retired, having spent 35 years in public accounting.  He was an audit partner with PwC LLP in Toronto where his client base was focused on larger, multinational clients.  His experience included work with private and public companies in various industries, both in Canada and globally.  

Bruce was a member of the International Auditing and Assurance Standards Board from 2012 to 2014.  He was a member of the Canadian Auditing and Assurance Standards Board beginning in 2007, serving as Vice-Chair from 2008 to 2010 and Chair from 2010 to 2012.  Bruce has taken an active role in the volunteer community, having held senior roles with the Shaw Festival Theatre and the Canadian Cancer Society (Ontario Division).  He is currently a director of St. Joseph’s Health Care Centre, Toronto and has been appointed a member of the Governing Council of the University of Toronto effective July 1, 2015.

Bruce holds a Bachelor of Commerce from the University of Toronto, became a Chartered Accountant (now CPA) in 1979 and was awarded an FCA in Ontario in 2003. 

Bruce lives in Etobicoke.

 

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* The appointees from the Canadian Public Accountability Board and the Office of the Supervisor of Financial Institutions have the right to vote, per AASOC’s Terms of Reference. These organizations have elected not to exercise this right.