Accounting | The Profession

News in brief: CPA leads Canadian tax practice at KPMG

Lucy Iacovelli took the reins effective October 1, Joy Thomas to speak at WXN’s Speaker Series and other news from the accounting world

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portrait of Lucy Iacovelli, Canadian managing partner and chief administrative officer of KPMG Law LLPLucy Iacovelli, Canadian managing partner for tax and chief administrative officer of KPMG Law LLP (Image provided)

CPA LEADS KPMG’S CANADIAN TAX PRACTICE

Effective October 1, CPA Lucy Iacovelli took on her new roles as Canadian managing partner for tax and chief administrative officer of KPMG Law LLP. 

Iacovelli has more than 25 years of experience in the industry, spanning tax planning and corporate reorganization to mergers and tax dispute resolution. Before taking over her new positions, Iacovelli oversaw KPMG’s tax practice in the Greater Toronto Area and was the administrative officer (GTA) for KPMG Law.

“Lucy is a highly regarded leader in our firm and in the marketplace. Her focus on technical excellence and client care is an inspiration to all our partners,” said Elio Luongo, CEO of KPMG in Canada. “I am very excited to have Lucy join our National Management Committee. She brings amazing energy and an unwavering commitment to our people and clients.”

Iacovelli succeeds Greg Wiebe who previously held both roles.

CPA CANADA ANNOUNCES NEW BOARD CHAIR AND VICE-CHAIR

CPA Canada welcomed Amanda Whitewood, FCPA, FCMA, as the new chair and Richard Olfert, FCPA, FCA, as the vice-chair for the organization’s board of directors post the Annual and Special Meeting held in Fredericton on September 18.

Whitewood has been part of the board since 2017 and previously served as vice-chair. She is currently the CEO of IWK Health Centre and has more than 25 years of leadership experience across the healthcare, government and post-secondary education sectors. 

“I am pleased to have Amanda as my successor,” said former chair Terry LeBlanc, FCPA, FCGA. “I am confident that her experience and forward-thinking approach to our profession’s leadership will serve us well.”

Olfert has more than 30 years’ experience in the public, private and not-for-profit sectors and currently serves as Deloitte Canada’s managing partner, regulatory, quality, risk and reputation. He’s also a long-standing volunteer with CPA Manitoba.

JOY THOMAS PART OF CANADA’S MOST POWERFUL FEMALE CEOs EVENT

Joy Thomas, CPA Canada’s president and CEO, will be speaking at the ‘In Conversation with Canada’s Most Powerful Female CEOs’ event on October 10 in Toronto as part of the Women Executive Network’s (WXN) Speaker Series.

Other panel members at the event include Top 100 Most Powerful Women alumni Dr. Ann Kaplan, president and CEO of iFinance Canada, and Lynn Murphy, president and CEO of StarTech.com. The discussion will be moderated by Marci Ien, co-host of The Social and a 2018 Top 100 Award Winner. 

Thomas was also named to the top 100 list in 2018. In addition, she is a board director and member of the planning and finance committee of the International Federation of Accountants and is chair of the board of the Global Accounting Alliance. In 2019, she was honoured at the Most Powerful Women in Accounting Awards.

CPAS NOMINATED AS BOARD MEMBERS FOR FEI CANADA’S QUEBEC CHAPTER

On September 9, the Quebec Chapter of FEI Canada introduced the 2019-2020 board of directors at its annual general meeting. 

CPA Catherine Allard was elected as the chair of the board for a second year and fellow CPA Murielle Lortie was nominated as its vice-chair. New additions to the board include CPA Amélie Beauchamp, vice-chair of the financial executive forum organizing committee, and CPA Nathalie Bernier, association ambassador.

“The election of board members is an exercise that goes beyond the duty of building solid governance for our association,” said Allard. “Our culture also involves an unconditional commitment to the evolution of the profession of the benefit of association members and the entire community of Quebec financial executives.”

FEI members chose board members by an electronic ballot held between August 2 and September 3.