UPDATED ON: Thursday, March 29, 2012
Accounting Standards Oversight Council:
Kevin Nye, MBA,
From The Globe and Mail
The Accounting Standards Oversight Council (AcSOC) is pleased to announce the appointment of Kevin Nye as its Chair, effective April 1, 2012.
Mr. Nye is the Senior Vice-President, Enterprise Risk Policy and Portfolio Management for Group Risk Management at Royal Bank of Canada. He has primary oversight of operational risk, risk capital, risk reporting, as well as portfolio methodology and measurement. Mr. Nye was Vice-Chair of AcSOC from 2010-2012, and a Council member since 2005.
The Accounting Standards Oversight Council (AcSOC) is an independent, volunteer body established by the Canadian Institute of Chartered Accountants in 2000 that serves the public interest by overseeing and providing input on the activities of the Accounting Standards Board (AcSB), who set financial reporting standards for profit-oriented enterprises and not-for-profit organizations, and the Public Sector Accounting Board (PSAB), who set 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.