Board Director at the Auditing and Assurance Standards Oversight Council (AASOC)
- Financial Reporting & Assurance Standards Canada (FRAS)
- Toronto, Ontario, Canada
- Job Category
- Accounting and Finance
Volunteer Opportunity – Auditing and Assurance Standards Oversight Council
Are you interested in contributing to auditing and assurance standard- setting in Canada?
If so, the Auditing and Assurance Oversight Council (AASOC) is looking for you.
AASOC is seeking a prominent member from the Canadian business community to protect the public interest by overseeing the auditing and assurance standard-setting process.
AASOC is an independent, volunteer body that the Canadian Institute of Chartered Accountants (now CPA Canada) established in 2002 to serve the public interest by overseeing and providing input into the activities of the Auditing and Assurance Standards Board (AASB) and, since 2010, the development of independence standards in Canada.
Past and present AASOC members include senior leaders in Canada, such as lawyers, business executives, and academics.
AASOC is looking for one new member. We are looking for a candidate with:
• some knowledge of the technical aspects of audit, other assurance and related services, and independence standards;
• experience with financial reporting, external audits, and auditor independence requirements relevant to public companies, private companies, not-for-profit, and/or governmental sectors; and
• background as a financial statement preparer, auditor, audit committee member, academic, and/or bringing another type of user perspective.
Relevant desirable experience includes:
• experience preparing financial statements; and
• experience in the application of progressive Environmental, Social, and Governance (ESG) reporting.
Female candidates and candidates from Quebec and Eastern Canada are particularly encouraged to apply.
We are committed to ensuring that AASOC’s composition is diverse and reflective of the Canadians we serve.
Please note: Candidates are not required to hold a professional accounting designation.
What’s in it for you
• Debate issues of public interest with other prominent members of the Canadian business, academic, and legislative communities while expanding your personal network.
• Learn about the role various organizations play in ensuring investors and the public-at-large can trust audited financial statements.
• Understand the process by which audit, other assurance, and independence standards are established.
• Further develop your strategic thinking capabilities by participating at the leading edge of changes that are underway (ESG, blockchain, non-standard reporting, etc.).
• Recognize the challenges involved in setting standards that apply to both large and small entities and the oversight implications of these challenges.
• Make a key contribution to the Canadian public interest.
About the role
AASOC typically holds three in-person meetings a year, two of which take place in Toronto and one other in another Canadian city. AASOC also typically organizes two conference calls per year. Currently, all meetings are held virtually, but we will be reassessing the future meeting format in due course.
• You will be asked to observe an AASB meeting during your term.
• This is a volunteer position that includes travel and other relevant cost reimbursement.
• The working language is English.
AASOC continues to prioritize diversity and inclusion on the Council. Lasting change can only happen if we all take action to address systemic racism and structural inequality, while creating opportunities for underrepresented communities. As such, AASOC is partnering with BIPOC Executive Search to ensure an applicant list that has greater representation from Black, Indigenous, and People of Colour, thereby reflecting Canada’s diverse population. We also encourage nominations for women, 2SLGBTQ+ persons and persons with disabilities. AASOC encourages all qualified candidates to apply online. Alternatively, apply through the “BIPOC Executive Search” app, which can be downloaded through the Apple Store or Google Play.
We thank everyone for their expression of interest – and are truly appreciative of the time individuals put into applying – but with the limitations of time only those selected for an interview will be contacted.
If you require a disability related accommodation to participate in our volunteer recruitment process, please email us at email@example.com and we will be happy to work with you to meet your needs as they relate to interviewing for this volunteer position.
Stephenie Fox, FCPA, FCA
Senior Vice President, Financial Reporting & Assurance Standards Canada
+1 416 204 3277
Applications are due by Friday, September 10, 2021
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