Jim Newton

Audit Partner, Financial Institutions

KPMG in Canada

Jim is the Lead Audit Partner for some of Canada’s largest financial institutions. During his 30 years of experience at KPMG, he served as National Banking Audit Leader and Group Leader of the financial institutions audit practice in Toronto. He has deep understanding of accounting, audit and internal control, audit committee responsibilities and corporate governance.  He has worked with CPA Canada on the development of the annual Audit Committee Conference and the Audit Committee Certificate program.  He was previously part of the GTA Chapter Executive with the Institute for Corporate Directors (ICD) and co-chair of KPMG in Canada’s Board Leadership Centre.

Jim previously chaired the Canadian Institute of Chartered Accountants Internal Control Reporting Task Force, which developed financial reporting internal control standards. As a Partner at KPMG’s Global Services Center in the U.S., he led the development of KPMG’s global framework for financial statement and internal control audit methodologies and training programs related to the 2002 Sarbanes-Oxley Act. Jim also served on a Task Force of the highly regarded Committee of Sponsoring Organizations of the Treadway Commission (COSO), which provides thought leadership on enterprise risk management, internal control and fraud deterrence.

Jim is proud to be a board member and chair of the Finance, Audit and Risk Committee for Raising the Village, a not-for-profit with a mission to create sustainable pathways out of ultra-poverty in Sub-Saharan Africa.  Formerly, he was Chair of the Board for Diabetes Canada and the co-founder and former co-chair of KPMG’s National Partner for Life program with Canadian Blood Services.

  • Audit
  • Banking
  • Financial Services
  • B.Comm., University of Toronto


  • Financial Statement Auditing

  • International Financial Reporting Standards (IFRS)

  • Internal Control Audit and Advisory Services

  • IT Auditing