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Accounting and Financial Reporting Committee
Mandate:
Intelligence Gathering
: The committee will be an important source of information on emerging issues in accounting, financial reporting or legislation.
Policy/Comments:
The committee will provide policy recommendations or comments on such things as PSAB exposure drafts for the consideration of MFOA’s Board of Directors
Training/Education:
The committee will assist us in preparing and designing training materials related to financial reporting and accounting for our members.
Advocacy
: The committee will develop positions to influence accounting standard setters or provincial ministries with respect to issues related to accounting and financial reporting.
Goals
Elicit policy opinions and issues from Committee members and non-Committee members
Identify a few core issues and develop solutions or remedies
To develop policies and positions to assist the membership
Disseminate information to non-Committee members about the Committee’s discussions and activities
To assist the MFOA in promoting the interests of its members on important and emerging accounting and financial reporting issues and representing those interests to the provincial government and other stakeholders
Committee Membership:
The committee will be comprised of a maximum of 12 people
Committee members should have responsibility for some aspect of accounting or financial reporting in their municipality.
In the interest of allowing other MFOA members to participate, Committee membership will be limited to a single term of two years.
A member cannot serve consecutive terms, but can be re-appointed following a hiatus of two years.
New Committee members are appointed by the Board of Directors of MFOA from members who have expressed an interest in the work of the committee.
The Executive Director of MFOA is a member of the committee.
Meetings:
There will be at least four meetings per year of the committee.
The committee can meet more frequently if necessary.
Meetings will be via conference call or other electronic medium to encourage greater participation and reduce travel time and costs.
Chair:
Colin Macdonald, MFOA, will chair the Committee.
Members:
Cynthia Laprade
Township of Rideau Lakes
claprade@twprideaulakes.on.ca
Patrick Kelly
Town of Orangeville
pkelly@orangeville.ca
Eliza Mclaren
Region of York
eliza.mclaren@york.ca
Karyn Smithard-Costanzo
Region of Halton
karyn.smithard-costanzo@halton.ca
Martin Russell
Region of York
martin.russell@york.ca
Colin Macdonald
MFOA
colin@mfoa.on.ca
Maja Kuzmanov
City of Brampton
maja.kuzmanov@brampton.ca
Brock Priddle
Municipality of Chatham-Kent
brockp@chatham-kent.ca
Manel Daniel
City of Toronto
manel.daniel@toronto.ca
Marie Chan
City of Vaughan
marie.chan@vaughan.ca
Sanjay Kiran
Region of Halton
sanjay.kiran@halton.ca
Dale Langlois
Town of LaSalle
dlanglois@lasalle.ca
Documents:
Please Sign In to download documents and to search the Virtual Library.
Response to the Asset Retirement Obligation Exposure Draft
(Adobe PDF File)
Exposure Draft (2017) Asset Retirement Obligations
(Adobe PDF File)
Adviser Alert for PS 2200 and PS 3420
(Adobe PDF File)
PSA Discussion Group (Nov 2016)
(Adobe PDF File)
PSAB at a Glance - BDO (Dec 2015)
(Adobe PDF File)
Commentary on Consultation Paper 2
(Adobe PDF File)
Commentary on Consultation Paper 2: Key Talking Points
(Adobe PDF File)
Response to Statement of Principles – Revenue
(Adobe PDF File)
AFR Committee Response PSAB Consultation Paper 3
(Adobe PDF File)
Response to PSAB Invitation to Comment Employment Benefits: Non-Traditional Pension Plans
(Adobe PDF File)
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