The Accounting Standards Oversight Council (AcSOC) is pleased to announce the appointment of Linda Mezon, CPA, CA, MBA, CPA (MI), CGMA, as the new Chair of the Accounting Standards Board (AcSB), effective July 1, 2013. Until her appointment as Chair becomes effective, Ms. Mezon is serving as the AcSB Vice-Chair to facilitate the transition. She also previously served as an AcSB member from 2004 to 2012.
Ms. Mezon is the Chief Accountant at the Royal Bank of Canada (RBC), where she is responsible for the interpretation and application of IFRSs and US GAAP. Ms. Mezon also monitors compliance with Canadian regulatory requirements on financial disclosure, in addition to being responsible for auditor independence. She is a frequent speaker on the topic of IFRSs, representing both the preparer and standard setter points of view. Previously, Ms. Mezon held senior positions in such other companies as Nortel Networks, Bell Mobility, Glaxo-Wellcome Inc., Motorola Cellular Canada, Ltd., and Federal Mogul Corporation. She also has four years combined experience in public accounting, with Coopers & Lybrand in Canada and Price Waterhouse in the U.S.
The Accounting Standards Board (AcSB) establishes financial accounting and reporting standards for use by Canadian entities outside of the public sector and participates in the development of International Financial Reporting Standards (IFRSs). Final standards are issued in the CICA Handbook – Accounting.
The Accounting Standards Oversight Council (AcSOC) is an independent, volunteer body established by the Canadian Institute of Chartered Accountants in 2000. It serves the public interest by overseeing and providing input on the activities of the Accounting Standards Board (AcSB), which sets financial reporting standards for profit-oriented enterprises and not-for-profit organizations in the private sector, and the Public Sector Accounting Board (PSAB), which sets financial reporting standards for governments and their organizations. AcSOC’s responsibilities include appointing AcSOC, AcSB and PSAB members. Reporting to the public and made up of representatives that include regulators, investors and other users, preparers and auditors of financial reports, AcSOC brings a broad perspective to complex issues facing standard setters in both the private and public sector. Additional information is available at www.frascanada.ca .