Former Head of Tax for PwC Canada made CEO of CICA
Kevin J. Dancey, FCA, former CEO of PwC Canada is the new President and CEO of the Canadian Institute of Chartered Accountants (CICA). Mr. Dancey succeeds David W. Smith, FCA.
“This is an exciting time for Canada’s leading accounting profession,” says Dancey. “Canada’s Chartered Accountants (CAs) are working closely with international, national and provincial organizations to enhance the competitiveness of our country by strengthening public trust, accountability, transparency and the efficiency of our capital markets.”
There are close to 70,000 accountants in Canada today who hold the coveted Chartered Accountant designation. CAs hold senior positions on senior management and executive teams in all business segments across the country. More than 60% of CAs work outside of public practice in industry, government or in education.
“Canadian CAs are trusted business advisors valued for their financial expertise, strategic thinking, business insight, leadership and values,” says Dancey. “Canadian CAs also influence the continuous enhancement of best financial reporting and management practices for the accounting profession worldwide.”
Born in Oshawa, Ontario, Dancey graduated from McMaster University in 1972 with a BA (Hon) in mathematics and economics. He became a CA in 1975 and was awarded his FCA in 2000. Dancey began his career at Coopers & Lybrand in 1973, became a partner in 1980 and was appointed head of the National Tax Practice in 1988. In 2001, Kevin was elected CEO and Senior Partner of PwC Canada and became a member of the PwC global leadership team.
Dancey’s experience also includes working with the Federal Government as part of the Executive Interchange Program. Between the years of 1985 and 1987, he was a special adviser to the Federal Department of Finance. From 1993 to 1995, he served as Assistant Deputy Minister of Finance in the Tax Policy Branch of the Federal Department of Finance.
In his new position, Dancey becomes a member of the Global Accounting Alliance. Representing eight of the world’s leading professional accounting organizations and more than 700,000 of the world’s leading professional accountants, the Global Accounting Alliance was established earlier this year to promote quality professional services, global membership support, share information and collaborate on important international issues. The Alliance is designed to work with national regulators, governments and stakeholders, through member-body collaboration, articulation of consensus views, and work in collaboration, where possible, with other international bodies.
Dancey is also a member of the Council of Governors of the Canadian Public Accountability Board and the External Advisory Panel for the Comptroller General.
The Canadian Institute of Chartered Accountants (CICA), together with the CA institutes/ordre, represents approximately 70,000 CAs and 8,500 students in Canada and Bermuda. The CICA conducts research into current business issues and supports the setting of accounting and assurance standards for business, not-for-profit organizations and government. It issues guidance on control and governance, publishes professional literature, develops continuing education programs and represents the CA profession nationally and internationally.