The Ontario Securities Commission announced today the appointment of David Knight, as Commissioner, bringing the Commission to a total of 12 members. Knight, appointed by Order in Council for a three year term, is a member of the OSC’s audit and finance committee.

“Mr. Knight’s expertise and experience will serve us well in rounding out the qualifications around the commissioners’ table as we continue to oversee and supervise the regulation of our capital markets to ensure they remain fair and efficient,” said David Brown, OSC chairman, in a news release. “The breadth of knowledge our Commissioners have is quite impressive, and we are fortunate to have attracted a candidate with the stature of Mr. Knight to join us.”

Knight was vice-chairman at the accounting firm, KPMG LLP (Canada) for over a decade. In 2000, he took on a senior professional standards role with KPMG International where, among other activities, he led a team participating in the process of setting and gaining acceptance of International Accounting Standards and International Standards on Auditing. Knight retired from KPMG a year ago.

Knight became a Chartered Accountant and a member of the Institute of Chartered Accountants of Ontario (ICAO) in 1962. He was elected as a Fellow of the ICAO in 1985 in recognition of his professional accomplishments and service to the accounting profession and society.

During his 46-year career in public accounting, Knight chaired committees and task forces which dealt with a wide range of matters including professional standards-setting, risk management, partnership governance, the use of computer technology in auditing and quality review of professional work.

His numerous activities in the public sector include membership on the Ontario Financial Review Commission in 1995 and again in 2000, and his six-year membership on the Advisory Committee to the Provincial Auditor for the Province of Ontario from 1993 to 1999. He was awarded the Queen’s Golden Jubilee Medal in 2002 in recognition of his community service activities and serves as the National Chairman of the Multiple Sclerosis Society of Canada and as a member of the Board of the Multiple Sclerosis International Federation.