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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 with broad vision, an understanding of accounting concepts,
and the ability to anticipate the implications of proposed standards. These demanding but rewarding volunteer
roles involve 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
appointment would be for a three-year term commencing April 1, 2008, 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, AcSOC intends to appoint one new member with a background in the private
business sector and another involved in the publicly accountable enterprise sector, preferably individuals
who have the perspective of financial statement preparers.
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 contributes to the
development of internationally accepted standards, and is currently implementing its Strategic Plan to adopt
International Financial Reporting Standards for publicly accountable enterprises. The AcSB is also
considering the financial accounting and reporting needs of private enterprises. Thereafter, the similar
needs of not-for-profit organizations will receive the AcSB’s attention. Further information about the AcSB
is available at www.acsbcanada.org.
If you are interested in these positions 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 November 30, 2007.
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