AASOC Announces New AASB Chair

Media Release / Communiqué

AASOC logoTORONTO, ON November 24, 2017 –  The Auditing and Assurance Standards Oversight Council (AASOC) is pleased to announce the appointment of a new Chair to the Auditing and Assurance Standards Board (AASB).

Ken CharbonneauEffective April 1, 2018, Ken Charbonneau, FCPA, FCA, ICD.D, will commence a three-year term as the AASB Chair.

“We are delighted to welcome Ken to this role,” says Bruce Winter, Chair of AASOC, which oversees and provides input into the AASB’s activities and appoints its members, including the Chair.

“Ken has demonstrated leadership in Canada’s auditing and assurance community and his strong communications and consensus-building skills will be important in ensuring the development of independently set standards that respond to the needs of Canadian stakeholders.”

Recently retired from KPMG as Partner, Assurance, Ken has more than 40 years of business experience. He has provided assurance, accounting and advisory services to a broad spectrum of public and private organizations in the technology, media and communications sectors, amongst others.

Throughout his time with KPMG, Ken served in several leadership roles, including Business Unit Professional Practice Partner for fifteen offices in eastern Canada, a leader of the Ottawa audit practice and technology industry group, and was Partner-in-Charge of the firm’s national marketing and communications group in Toronto. He has also served on many boards, including the Ottawa Senators Foundation, where he is currently Chair of the Audit and Finance Committee.

Ken will be replacing the current volunteer AASB Chair, Darrell Jensen, FCPA, FCA, a partner in EY’s professional practice group in Toronto, ON.

Darrell’s leadership has been fundamental to the AASB’s current strategic plan success to date and he is committed to helping Ken lead the work that has already begun. A transition period will take place, starting January 2018.

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.

Contact:

Daniella Girgenti
Communications Manager, Standards
(416) 204-3482
dgirgenti@frascanada.ca

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