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New Members of the Accounting Standards Board Sought with Financial Statement User and Preparer Perspectives

The Accounting Standards Oversight Council (AcSOC) is currently seeking new members to appoint to the Accounting Standards Board (AcSB).

AcSOC is looking for two experienced individuals committed to the AcSB’s strategic direction, with broad vision, an understanding of accounting concepts, and the ability to anticipate the implications of proposed standards. This demanding but rewarding volunteer role involves a time commitment of approximately 250 hours a year of preparation and meeting time. The AcSB normally meets face-to-face in Toronto seven times per year and at other times by conference call. The appointments would be for a term ending March 31, 2013, with a possible renewal term.

AcSOC seeks to maintain a balance of different backgrounds and perspectives amongst the AcSB’s members. Given the AcSB’s current membership and activities, AcSOC intends to appoint one new member with a background as a user of financial statements and one new member with a background as a preparer of financial statements in a publicly accountable enterprise.  While AcSOC is willing to entertain expressions of interest from anyone with a suitable background, it especially encourages applications from candidates from Québec or Atlantic Canada and candidates having some experience working with not-for-profit organizations in either a paid or voluntary capacity.

The AcSB contributes to enhanced decision-making by improving the quality of financial information reported by Canadian profit-oriented enterprises and not-for-profit organizations. The AcSB is currently implementing its Strategic Plan to adopt International Financial Reporting Standards for publicly accountable enterprises while separately considering the financial reporting needs of private enterprises and not-for-profit organizations. Further information about the AcSB is available at www.acsbcanada.org.

If you are interested in this position or know of someone who might be, or wish further information, please contact Peter Martin, Accounting Standards Director, at peter.martin@cica.ca or (416) 204-3276, by December 15, 2009.