Call for Nominations – Auditing and Assurance Standards Oversight Council

The Auditing and Assurance Standards Oversight Council (AASOC) is looking for new members! We need prominent members of the Canadian business community to protect the public interest by overseeing the auditing and assurance standard-setting process.


AASOC is an independent, volunteer body that the Canadian Institute of Chartered Accountants (now CPA Canada) established in 2002 to serve the public interest by overseeing and providing input into the activities of the Auditing and Assurance Standards Board (AASB) and the Independence Task Force of the Public Trust Committee.

Past and present AASOC members include:

  • the CEO of the Canadian Public Accountability Board;
  • a Senior Director at the Office of the Superintendent of Financial Institutions;
  • the Chief Accountant at the Ontario Securities Commission; and
  • senior lawyers and members in business and academia.

We need you

We are looking for candidates with:

  • some knowledge of the technical aspects of audit, other assurance and related services and independence standards;
  • experience with financial reporting, audit and independence relevant to public companies, private companies, not-for-profit, and/or governmental sectors;
  • background as a financial statement preparer, auditor, audit committee member, member in academia, or another type of user perspective.

In particular, we are interested in candidates who:

  • work for public sector entities;
  • are involved in the investment community;
  • are partners at a large audit firm; or
  • are lawyers practicing in the professional conduct field.

Experience in IT and emerging issues such as blockchain would also be welcome.

Candidates from Quebec or from Eastern Canada are particularly encouraged to apply.

Please note: You are not required to hold a professional accounting designation.

What’s in it for you

  • Work with and debate issues of public interest with other prominent members of the Canadian business community to expand your personal network.
  • Learn about the role various organizations play to ensure investors and the public-at-large can rely on and trust audited financial statements.
  • Understand the process by which audit, other assurance and independence standards are established.
  • Recognize the challenges involved in setting standards that apply to both large and small entities, and the implications of these challenges on oversight.
  • Have the opportunity to give back, while gaining in-depth knowledge and experience.
  • Use the opportunity to become a better board member.

About the Role

  • There are four meetings a year, three of which take place in Toronto and one other in another Canadian city.
  • You will be asked to observe an AASB meeting and/or a Public Trust Committee Independence Task Force meeting during your term.
  • This is a volunteer position that includes travel and other relevant cost reimbursement.
  • The working language is English.

Apply by Friday, September 28, 2018

For more information and/or to submit a resume, contact:

Stephenie Fox CPA, CA
Financial Reporting and Assurance Standards Canada
Fax: +1 (416) 204-3214
Mail: 277 Wellington Street West, Toronto, Ontario M5V 3H2