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AcSOC Announces New Appointments


The Accounting Standards Oversight Council (AcSOC) is pleased to announce the following appointments and reappointments to the AcSOC.

Reappointed as AcSOC Chair for a two-year term ending on March 31, 2011:
  • Doug Hyndman, MBA, British Columbia Securities Commission
      
Appointed for a three-year term ending on March 31, 2012:
  • Robert Muter, FCA, Partner, PricewaterhouseCoopers LLP, Toronto
      
Reappointed for three-year terms commencing April 1, 2009:
  • Karyn Brooks, CA, Senior Vice President and Corporate Controller, Bell Canada Enterprises
  • Don Downe, Retired MLA/Businessman
  • John Nagy, FCGA, Partner, Reid Hurst Nagy, Certified General Accountants
      

The AcSOC is an independent body that oversees the activities of the Accounting Standards Board (AcSB) and Public Sector Accounting Board (PSAB).

AcSOC Announces New AcSB Members

AcSOC recently approved the following appointment to the Accounting Standards Board.

Appointed for a three-year term ending on March 31, 2012:
  • Jocelyn Patenaude, CA, Partner, Behna, Cormier, Gougeon, Ouellette, s.e.n.c.r.l.
       

The AcSB develops and establishes standards and guidance governing financial accounting and reporting in Canada for all types of profit-oriented enterprises and not-for-profit organizations.

AcSOC Announces New PSAB Members

AcSOC recently approved the following appointment to the Public Sector Accounting Board.

Appointed Vice-Chair of PSAB for a two-year term commencing April 1, 2009:
  • Nigel Bellchamber, N.G. Bellchamber & Associates
    (Mr. Bellchamber succeeds John Wiersema who assumes the position of Chair in succession to Nola Buhr whose term ends on March 31, 2009)
      
Appointed for a three-year term ending on March 31, 2012:
  • Rodney Monette, CA, Controller General of Canada
      

The PSAB establishes financial accounting and reporting standards for use by federal, provincial, territorial and local governments.

The AcSB and the PSAB are each accountable to AcSOC, an independent body established in September 2000 by the Canadian Institute of Chartered Accountants to oversee their activities. Reporting to the public and consisting of up to 25 prominent business and government leaders, AcSOC brings a broad perspective to complex issues facing standard setters in both the private and public sectors. AcSOC supports the AcSB and the PSAB in setting accounting standards in Canada and in contributing to the development of internationally accepted accounting standards. AcSOC's responsibilities include appointing AcSB and PSAB members and providing input on strategic priorities. AcSOC members, many of whom represent particular constituencies, include regulators, investors and other users, preparers and auditors of financial reports.