McGuinty commissions independent review of government budgetary position

Archived Release

McGuinty commissions independent review of government budgetary position

TORONTO, Oct. 9 - Premier-designate Dalton McGuinty has asked former Ontario Provincial Auditor Erik Peters to conduct an independent review of the government's finances. Mr. Peters will review and report on the Province's current budgetary position as compared to the one released on March 27, 2003. Mr. Peters has an extensive background in the private and public sectors. In addition to serving as Ontario's Provincial Auditor for almost ten years, he has held numerous positions in the private sector and made extensive volunteer contributions to his profession and community. He received the Institute of Chartered Accountants of Ontario Award of Outstanding Merit in 2000. Backgrounder ------------------------------------------------------------------------- Biography of Erik Peters Erik Peters, FCA, served as the tenth Provincial Auditor of Ontario from January 1, 1993, to September 30, 2003. Mr. Peters, who obtained his Chartered Accountant (CA) designation in Alberta in 1965, has an extensive background in the private and public sectors. Between 1960 and 1978, he worked for Price Waterhouse in Calgary, Montreal, Ottawa and London, England. In 1976, he was seconded to the Office of the Auditor General of Canada, where he became deputy director general of the Computer and Information Systems Evaluation Study. Mr. Peters joined the Office of the Auditor General in 1978 and became Assistant Auditor General of Canada in 1980. He founded the computer audit services group in that office and was part of the team that developed comprehensive (value-for-money) auditing. He led value-for-money audits in several departments of the federal government. In 1981, Mr. Peters joined Alcan Aluminum's European operations in Geneva, Switzerland as area controller and became the regional controller for Europe, Africa and the Middle East in 1983. Between 1983 and 1992, Mr. Peters was vice-president of internal audit at the Canadian Broadcasting Corporation, where he also led the implementation of the recovery plan (Caron Task Force Report on the National Financial System of the CBC) to restore the corporation's financial management and reporting systems and procedures. In addition to his career accomplishments, Erik Peters has made, and continues to make, volunteer contributions to his profession and community, most notably as a member of the Auditing and Assurance Standards Oversight Council, the Consultative Group of the Public Sector Committee of the International Federation of Accountants, the Standards Committee of the Canadian Institute of Chartered Accountants (1999-2003), as chair of the Public Sector Accounting and Auditing Board of the Canadian Institute of Chartered Accountants (1997-98) and as the Canadian Delegate to the Public Sector Committee of the International Federation of Accountants (1998-2000). He also served as a member of the board of the Queensway-Carleton Hospital (1989-92). Mr. Peters was elected as a Fellow of the Institute of Chartered Accountants (FCA) of Ontario (1994) and of Alberta (2002) for distinguished service to the profession. Mr. Peters was the 2000 recipient of the Institute of Chartered Accountants of Ontario Award of Outstanding Merit. This award is the highest recognition the Institute can bestow upon a member and recognizes conspicuous and sustained service to, or on behalf of, the CA profession and to the broader community.For further information: