Institute of Chartered Accountants of Ontario Pledges Ongoing Support for QSB

Posted on May 04, 2011

Students from Queen’s Graduate Diploma in Accounting present Rod Barr, FCA, President and CEO of the Institute of Chartered Accountants (ICAO), with a plaque honouring the university’s relationship with the Institute, which began in 1919, at an event to celebrate ICAO’s $2 million donation to Queen’s School of Business.
Students from Queen’s Graduate Diploma in Accounting present Rod Barr, FCA, President and CEO of the Institute of Chartered Accountants (ICAO), with a plaque honouring the university’s relationship with the Institute, which began in 1919, at an event to celebrate ICAO’s $2 million donation to Queen’s School of Business.

KINGSTON, ON, May 4, 2011 – The Institute of Chartered Accountants of Ontario (ICAO) today announced its renewed financial support for Queen’s School of Business. The ten-year, $2-million commitment will provide funds for the CA-Queen’s Centre for Governance, including the Voluntary Sector Reporting Awards Program, and the CA Professorship in Accounting, and the creation of a Chartered Accountants Lecture Hall in the expansion of Goodes Hall—the home of the business school.

The funding announcement was made at a celebration event at Goodes Hall on Queen’s University campus.

“The relationship between the Institute of Chartered Accountants and Queen’s has been a long and fruitful one for both organizations and for Queen’s School of Business graduates who have gone on to become CAs,” said Rod Barr, FCA, President and CEO of the ICAO. “Our commitment to continuing that partnership is made evident by the future support we are announcing today, which we consider an investment in both Queen’s, our profession and in the future prosperity of Ontario.”

The partnership between Queen’s School of Business and the Institute of Chartered Accountants of Ontario dates back to 1919, when Queen’s started Canada’s first undergraduate degree program in business—the Bachelor of Commerce.

The Institute’s ongoing support of QSB helped establish the CA-Queen’s Centre for Governance in 2007. The Centre’s mission is to improve corporate governance in Canada through a variety of research and teaching programs. The Centre also helps Canada’s not-for-profits continuously improve the quality of their financial reporting through its annual Voluntary Sector Reporting Awards program, which provides meaningful feedback to participants on their annual reports and encourages excellence in reporting.

The Institute’s CA Professorship program provides funding to help distinguished academics continue important research in accounting. Professor Daniel Thornton was awarded the Queen’s ICAO professorship in 2005. The most recent area of support is the Chartered Accountants Lecture Hall that will accommodate eighty students on the main floor in the new wing of Goodes Hall.

“We are very thankful for the Institute’s long-standing commitment to excellence at Queen’s School of Business,” said Dean David Saunders. “This financial support is a tremendous endorsement of the quality of our school and strong recognition of the long-standing partnership between ICAO and QSB.”

The celebration event was attended by senior representatives from ICAO and the university, including Principal Daniel Woolf and students from Queen’s Graduate Diploma in Accounting.

About Queen’s School of Business
Queen’s School of Business is one of the world’s premier business schools—renowned for exceptional programs, outstanding faculty and research, and the quality of its graduates. Canadian executives regard Queen’s as Canada’s most innovative business school, offering students academic excellence and a superior overall experience. Queen’s School of Business—where Canada’s first Commerce program was launched in 1919—is located at Queen’s University in Kingston, Ontario. The School also delivers programs at locations across Canada, as well in the U.S. and the Middle East and North Africa (MENA) region.

About the Institute of Chartered Accountants of Ontario
The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario’s 34,000 Chartered Accountants and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession’s internationally recognized standards of qualification and the enforcement of its rules of professional conduct. Chartered Accountants are the professionals Canada’s business leaders trust to help make the financial, strategic and leadership decisions that matter. The student website is www.guidetorulingtheworld.ca.

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To arrange and interview or obtain additional information please contact:

Amber Wallace
Queen’s School of Business
613-533-3151

Perry Jensen
The Institute of Chartered Accountants of Ontario
416-969-4271 or 1-800-387-0735, ext. 271
pjensen@icao.on.ca


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