Auditing and Assurance Standards Oversight Council Seeks New Leader

July 17, 2018 News

Media Release / Communiqué


TORONTO, ON July 19, 2018 – Canada’s Auditing and Assurance Standards Oversight Council (AASOC) is seeking an exceptional individual to serve as its next Chair, for an initial term of three years. This is a volunteer position requiring approximately 150 hours annually.

AASOC’s mission is to serve the public interest by overseeing and providing input to the development of high-quality auditing, other assurance, related services, and independence standards in Canada. 

AASOC focuses primarily on the activities of the Auditing and Assurance Standards Board (AASB) and the Independence Task Force (ITF) while also monitoring international issues, trends and developments that may impact either standard setting or public interest oversight. With members that have a broad perspective on the complex issues facing standard setters from the points of view of users, preparers, and the public, AASOC supports the AASB in its mission as an independent standard-setting body. AASOC also supports the Independence Task Force in its responsibilities related to independence standards for the accounting profession.

AASOC’s responsibilities include providing input on the AASB’s strategic direction and priorities. Strong and independent oversight by AASOC contributes to greater transparency and accountability in ensuring the interests of stakeholders are adequately considered.

As Chair, you understand and fully support AASOC’s role to serve the public interest and are well equipped to lead the Council in overseeing the development of auditing and independence standards in Canada. An experienced member of the business community, you are committed to good governance, integrity, independence and have the skills to support the development of high-quality standards that serve the public interest.  You will also ensure the activities and plans of the AASB and ITF remain responsive to the evolving needs of stakeholders. Further information on the AASOC Chair position is available here.

The Chair is appointed by AASOC with this search process being conducted by its Nominating and Governance Committee.  Applicants are asked to note that the Chair should not be a practitioner as defined in paragraph 12 of AASOC Terms of Reference.

Applications are due September 10, 2018.

For additional details and/or to submit your application in confidence, contact:

Stephenie Fox CPA, CA
Financial Reporting and Assurance Standards Canada
Email: sfox@cpacanada.ca
Fax: +1 416 204-3214
Mail: 277 Wellington Street West, Toronto, Ontario M5V 3H2