TORONTO, ON July 13, 2020 – The Public Sector Accounting Board (PSAB) is undergoing a leadership change.
Current Chair, Charles-Antoine St-Jean, FCPA, FCA, was named CPA Canada’s new President and CEO, effective July 20, 2020.
The Accounting Standards Oversight Council (AcSOC) is pleased to announce that current Vice-Chair, Clyde MacLellan, FCPA, FCA, will serve as PSAB’s interim Chair.
Current Chair, Charles-Antoine St-Jean, FCPA, FCA, was named CPA Canada’s new President and CEO, effective July 20, 2020.
Current Vice-Chair, Clyde MacLellan, FCPA, FCA, will serve as PSAB’s interim Chair.
AcSOC’s search for a permanent Chair will commence shortly.
Appointed as a PSAB member in 2017 after serving as Chair of the Conceptual Framework Task Force, MacLellan is also recently retired as Assistant Auditor General of Canada.
“Clyde is a long-serving and dedicated public sector leader,” says Miville Tremblay, AcSOC Chair. “His experience in government coupled with his work on PSAB will ensure a smooth transition, allowing the Board to pursue its 2020-2021 workplan and efforts to improve its efficiency, while a permanent Chair search takes place.”
St-Jean was appointed as PSAB Chair in 2017 and has guided the Board through its current Strategic Plan, including the recent International Strategy decision.
“We are very pleased with the contributions Charles-Antoine has made to PSAB, especially his efforts to improve the Board’s efficiency, and wish him well in his new position at CPA Canada,” says Tremblay.
The PSAB Chair search will commence this month, with a permanent Chair expected to be appointed by November 2020.
About PSAB
The Public Sector Accounting Board (PSAB) was created to serve the public interest by establishing accounting standards for the public sector. It also provides guidance for financial and other performance information reported by the public sector.
About AcSOC
The Accounting Standards Oversight Council (AcSOC) is an independent, volunteer body that serves the public interest by overseeing and providing input into the activities of the Accounting Standards Board (AcSB) and the Public Sector Accounting Board (PSAB).