Auditing and Assurance Standards Oversight Council Announces New Board Leadership New Appointments to the Auditing and Assurance Standards Board
Media Release / Communiqué
TORONTO, ON April 1, 2014 – The Auditing and Assurance Standards Oversight Council (AASOC) is pleased to announce the appointment of Cathy MacGregor, CA as Chair and Darrell Jensen, CPA, CA as Vice-Chair of the Auditing and Assurance Standards Board (AASB), effective April 1, 2014.
“The AASB faces significant challenges in the next few years, dealing with new international proposals, namely auditor reporting, and ongoing issues related to enhancing audit quality on the table,” said Bill McFetridge, AASOC Chair. “We are confident that the new leaders of the AASB have all the attributes needed to effectively meet those challenges.”
Mr. McFetridge also paid tribute to the leadership provided by the outgoing AASB Chair, Mark Davies, noting that Mr. Davies made “an outstanding contribution to standard setting, keeping the AASB on an appropriate course in dealing with many important projects during his tenure as Chair. We sincerely thank him for all his efforts.”
Ms. MacGregor is a partner with Grant Thornton LLP and is currently the National Director of Quality. Her 26 years of experience is diverse and includes working with publicly-listed entities, privately-held businesses and not-for-profit organizations. Ms. MacGregor served as AASB Vice-Chair from 2012-2014 and has been a member of the AASB since 2009.
Mr. Jensen has 27 years of experience with Ernst & Young LLP and is currently a partner in their National Accounting and Assurance practice. He has worked in Halifax, Edmonton and Toronto auditing public and private companies in a variety of industries, as well as not-for-profit organizations. Mr. Jensen has been a member of the AASB since 2010.
The Auditing and Assurance Standards Oversight Council (AASOC) is an independent, volunteer body established in 2002 by the Canadian Institute of Chartered Accountants (now Chartered Professional Accountants of Canada). It serves the public interest by overseeing and providing input into the activities of the AASB. Reporting to the public and consisting of prominent leaders from business and regulators, AASOC’s responsibilities include appointing AASB members, providing input on strategic priorities and evaluating the performance of the AASB.
The Auditing and Assurance Standards Board (AASB) is responsible for setting Canadian Auditing Standards (CASs) for financial statement audits, and other assurance and related services standards. Final standards are issued in the CPA Canada Handbook – Assurance.
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