Before joining the IASB, he served with the Volvo Group for more than thirty years in various senior positions, both in his native Sweden and in Latin America. She also chaired the Japanese Institute of Certified Public Accountants (JICPA)’s Working Groups for Japan’s Modified International Standards (JMIS) and Revenue Recognition. Since 2002, Dr Zhang has been a member of Standing Committee No.1 on Accounting, Auditing and Disclosure of the Technical Committee of the International Organization of Securities Commissions (IOSCO). Join IASB staff and veteran school leaders as they share lessons learned and key takeaways for nurturing a productive board president-superintendent partnership. Serving Since 2015. Previously he had worked for the Sumitomo Corporation in Japan and the UK. (All listed companies and all banks are required to prepare and publish consolidated financial statements in full compliance with IFRSs starting in 2010.) 11/1/2020 Interested in Serving on the IASB Board? Her first term expires 30 June 2024. IASB Board Organizes Committees, Reviews State of Association ... School board members volunteer their time to ensure growth and progress not only for students, but for entire communities. Her research is published in a variety of journals and has won several awards, including the Wildman Medal Award, the Competitive Manuscript Award and, on two occasions, the Best Paper Award of the Financial Accounting and Reporting Section of the American Accounting Association (AAA). The IFRS Foundation trustees have announced the reappointment of Martin Edelmann, Gary Kabureck, Chungwoo Suh, and Mary Tokar to serve a second term as IASB board members beginning on July 1, 2017. He has also co-ordinated the work of the CFA Institute's Corporate Disclosure Policy Council, which reviews and comments on financial reporting policy initiatives around the world. The IASB originally had 14 full-time Board members, each with one vote. After retiring as a Board member she became IFRIC Co-ordinator. As a member of the Corporate Reporting User Forum and a member of the IASB's Analyst Representative Group (now Capital Markets Advisory Committee) and Financial Statement Presentation working group, Mr Cooper has been actively involved in the IASB's work. Prabhakar Kalavacherla ('PK') was appointed to the as a full time member as of 1 January 2009 for the period ending on 30 June 2013. As a Board member, was liaison to Canadian Standard-Setter. Jan Engström was appointed to the IASB in May 2004 and was reappointed to a second five-year term effective May 2009. Board of Education Members. His second term expires 30 June 2021. Although eligible, Patricia McConnell informed the Trustees she did not wish to be considered for reappointment for a second term. From 2002 to 2009 she served as CFO of Hannover Re Group, a leading international reinsurance group. The table below is a historical summary of all past members of the International Accounting Standards Board (IASB), and its predecessor body, the International Accounting Standards Committee (IASC). These words serve as exceptions. They are selected as a group of experts with a mix of experience of standard-setting, preparing and using accounts, market/financial regulation and academic work as well as from diverse geographical backgrounds. Most recently, he acted as a Director and Professor of Accounting at the School of Accounting and Finance, University of Waterloo, Canada. Tatsumi Yamada's term ended on 30 June 2011. The IASB initially adopted the International Accounting Standards (IASs), with some modifications, as issued by the IASC (e.g. He had responsibility for both statutory and regulatory financial reporting under the Basel II Accords and served on various Governance, Risk, Operation and Strategic Committees of the Group. Before joining the IASB, Dr Lu was Director of the Accounting Regulatory Department of the Chinese Ministry of Finance and in charge of Chinese accounting standard-setting. Ms Suzuki was a member of the Accounting Standards Board of Japan (ASBJ)’s Special Committee for IFRS Implementation. Currently, over 16 college members and over 48 high schools and career and tech centers make up this organization. Throughout her career, she has been an active participant in accounting standard-setting activities as a member of the IASB's Standards Advisory Council, the International Accounting Standards Committee (the IASB's predecessor body), the CFA Institute's Corporate Disclosure Policy Council, and the New York Society of Security Analysts. He also served as a member of the Canadian Accounting Standards Board from 2003 to 2011. Biographies for each member are set out below the table and can be accessed by scrolling, or clicking on the person's name in the table. He also served as a member of the Canadian Accounting Standards Board from 2003 to 2011. James J Leisenring was appointed a member of the International Accounting Standards Board, to be its liaison member to the FASB, in January 2001. He has also been a member of the China Accounting Standards Committee since 1998 and the China Auditing Standards Committee since 2004. International Auditing and Assurance Standards Board. Biographies for each member are set out below the table and can be accessed by scrolling, or clicking on the person's name in the table. Mr Hoogervorst's initial term expired in June 2016, he was reappointed for a second term. Prasanna Kumar D, Vice-Chairman CA. Robert Bruce, our resident regular columnist, assesses the prospects for change under the new Hans Hoogervorst regime. Tom Scott has been an academic in the field of accounting at various universities in Canada since the late 1970s. Each word should be on a separate line. Dr. Hans-Georg Bruns was appointed to the IASB in January 2001 and served through June 2007. He previously served as a member of the German Accounting Standards Board from 2006 until 2011. Before joining the CFA Institute in 2008, Mr Finnegan worked at Moody's Investors Service, where he served as a managing director in Moody's Corporate Finance Group and as a senior analyst in Moody's Financial Institutions Group. Members of the IASB. He took his doctor's degree at the University of Mannheim after gaining an MBA at the University of Munster. Ms Lloyd was a Senior Director of Technical Activities at the IASB and responsible for leading the technical staff in the development of new IFRSs. The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have reappointed IASB Chairman Hans Hoogervorst to serve a second five-year term starting on 1 July 2016. He is co-author of a book Accounting for Financial Institutions. Having worked with engagement teams and clients around the world in their transition to and application of IFRS, she has gained extensive experience in the application of IFRSs in both developed and emerging economies. She is active in the AAA, having served as Vice President and as Chair of several committees. Dr Elke König is a former member of the executive board and chief financial officer (CFO) of Hannover Re Group (Germany). Prior to joining the IASB he had been PricewaterhouseCoopers North America Leader of Professional, Technical, Risk and Quality, responsible for professional matters, technical accounting and auditing policy and issue resolution, risk management and quality relating to assurance services. The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), have reappointed IASB Board member Takatsugu Ochi to serve a second three-year term starting on 1 July 2016. The IASB is a private company receiving its funding through private donors and corporations. Her term expires 31 December 2021. Bruce Mackenzie was appointed to a five-year term as a full-time member of the IASB as of 1 October 2020. Before joining the IASB's staff as Director of Capital Markets, with responsibility for the IASB’s work to reform the accounting for financial instruments, she held various senior positions within the banking sector in the United Kingdom and in Australasia. Thomas A. Ruggio represents the DuPage Division of IASB. IFRS Foundation seeks IASB Board members; 22 Feb 2019. In 1990-3, he was seconded to Corporation Finance Research Institute (COFRI), as manager in charge of Research and Development of Financial Accounting Standards, which involved a working knowledge of International Accounting Standards, US GAAP and UK Financial Reporting Standards. He has nearly 40 years of experience in various aspects of international financial reporting. A public member is expected … He was a member of the South African Accounting Practices Board and served as a committee member on IASC's project on extractive industries. Prior to joining the Board, he was Director of the Financial Reporting Policy Group, CFA Institute Centre for Financial Market Integrity. Biographies for each member are set out below the table and can be accessed by scrolling, or clicking on the person's name in the table. Ms Tokar was a member of the IFRS Interpretations Committee between 2001 and 2007. The Trustees of the IASC Foundation, under which the IASB operates, have appointed Dr Zhang Wei Guo, Chief Accountant and Director General of the Department of International Affairs of the China Securities Regulatory Commission, to membership on the IASB for a five-year renewable term beginning 1 July 2007. By using this site you agree to our use of cookies. After his term at the IASB ended in 2006, he again became a member of the ASB. The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), today announced the appointment of Prof Dr Andreas Barckow as next chair of the IASB. Ms Lloyd is originally from New Zealand and a former member of the Australian Accounting Standards Board. Mr Kabureck served as the Chief Accounting Officer for Xerox Corporation from 2001 (and from 2003 also as a Corporate Vice President). Mr Edelmann was a member of the Accounting Working Group of the German Banking Association for 14 years and served as Chairman from 2004-2011. Wei-Guo Zhang began a five-year term as a member of the IASB on 1 July 2007. He was also Chairman of the Urgent Issues Task Force. Between 1982 and 2001, Hans-Georg Bruns was a member of various accounting and finance committees, including Chairman of the Group Financial Statements team of the German Accounting Standards Committee (1998-2001), and Chairman of the Schmalenbach Institute for Business Administration (2000-2001). After retiring as a Board member he became Adviser to the Trustees and the Chairman. He qualified as a Chartered Accountant in the United Kingdom while working with Peat Marwick Mitchell. Her first term expires 30 June 2022. He left the IASB in June 2002 to become the Chairman of the US Financial Accounting Standards Board. As a member of the Investment Analysts Society of Southern Africa, his next move was as General Manager of Finansbank, then a leading South African merchant bank (1991-1994). Tadeu Cendon joined the Board in July 2019 from PwC Brazil Accounting and Consulting Services, where he worked as Partner responsible for providing accounting advice to audit teams and multinational companies reporting under IFRS Standards. Before joining the IASB's staff as Director of Capital Markets, with responsibility for the IASB’s work to reform the accounting for financial instruments, she held various senior positions within the banking sector in the United Kingdom and in Australasia. During that period, he was active in FEE, the European professional body, dealing there with European accounting matters, and took various initiatives to upgrade accountancy in Eastern Europe and Africa, while also representing France on the IASC Board from 1989-2001. A member of the Volvo Group Management Board for ten years, he served as Chief Financial Officer (1993-1998) and Chief Executive Officer of Volvo Bus Corporation (1998-2003). 11/25/2020 Thank you for being a part of the IASB Community! He also served on the former International Accounting Standards Committee (IASC), International Financial Reporting Interpretations Committee (IFRIC), Standing Interpretations Committee (SIC), and as chairman of IASC's IAS 39 Implementation Guidance Committee. He joined the Nestle Group in 1955 and remained with them for 42 years until his retirement in 1997. While at the CSRC, Dr Zhang has had experience in a number of national and international standard-setting, and regulatory activities. Her first term expires 30 June 2022. The IFRS Foundation Trustees are seeking to appoint three new Board members, one from the Americas, one from Africa, and one from the Asia-Oceania region. In March 2001, the International Accounting Standards Committee (IASC) Foundation was formed as a not-for-profit corporation incorporated in the State of Delaware, US. A feedback form is available on the site to submit comments by email. She also supervised reviews of IFRS transition and application for large multinationals and other listed companies. Kanako Ogura, Deputy President of the JICPA and other board members, and the JICPA Technical Directors such as Sachiko Kai, Board member of the International Auditing and Assurance Standards Board (IAASB) and Yoichi Mori, Member of International Integrated Reporting … Each word should be on a separate line. His first term expires 31 March 2022. Professor Geoffrey Whittington was one of the original IASB Board Members appointed in January 2001. Check out answers to your most pressing questions below, ranging from topics addressing meeting procedures, to conflicts of interest, to board policy. Zach Gast was appointed to the IASB in August 2020. Before joining the IASB, Mr Gomes was Head of Financial System Regulation Department of the Central Bank of Brazil. The Accounting Hall of Fame is located at Ohio State University and has honored 90 accountants since its inception in 1950. An American, Mr Herz also spent eight years in England and three years in Argentina. Mr. Kalavacherla, born in India, was a partner at KPMG LLP serving both as reviewing partner for IFRS financial statements and filings with the US Securities and Exchange Commission. After a decade under Sir David Tweedie the IASB has a new Chairman. The much anticipated announcement that when Sir David Tweedie steps down from his ten year tenure as Chairman of the IASB at the end of June next year it will indeed be Hans Hoogervorst who takes over as Chairman with Ian Mackintosh as his Deputy means that the Tweedie tradition of independence and pragmatism will be upheld. Mr. Leisenring is a member of the Accounting Hall of Fame. Mr Yamada represented Japan on the Financial Instruments Joint Working Group of Standard Setters and was a member of the former IAS 39 Implementation Guidance Committee. This webinar is free to members and a recording will be posted to the Recordings & Resources page . His first term expires 30 June 2024. He also served as the Director for Professional Development at the Brazilian Institute of Independent Auditors (IBRACON). He was also Executive Director of the French Ordre des Experts Comptables (OEC) from 1982 until 1986. Mr Scott was also a member of the IASB’s International Financial Reporting Interpretations Committee (IFRIC), a position from which he resigned to become an IASB member, and was formerly a member of the IFRS Foundation’s Standards Advisory Council (SAC), now called the IFRS Advisory Council. In addition he was a member of the Executive Committee of the IASC and a member of the Japanese delegation at the Board of IASC. Professor Barth holds an AB from Cornell University, an MBA from Boston University, and a PhD from Stanford University. Nihar Niranjan Jambusaria, Vice-President (Ex … Prior to joining Xerox in 1985, Mr Kabureck spent ten years working with one of the international audit firms. The Board is comprised of 14 members containing a mix of experience in standard-setting, financial reporting, and education. Institutional Investor magazine ranked her the leading analyst in the United States on accounting and tax matters for 16 consecutive years from 1991 to 2006. Gilbert Gelard was appointed to the IASB in January 2001. Having worked with engagement teams and clients around the world in their transition to and application of IFRS, she has gained extensive experience in the application of IFRSs in both developed and emerging economies. He has been recognised as a leader in his field and voted top European Valuation and Accounting analyst by Extel and Institutional Investor magazine in each of the last 10 surveys. Before joining the Board in 2017, she had returned to work as a partner at accountancy firm Mazars in Paris, France. Before joining the IASB he served successively as a vice-chairman and member of the Executive Committee of the IASC Board (1998-2000) and as Chairman (2000-1). Hans Hoogervorst began his initial term on 1 July 2011, succeeding Sir David Tweedie on his retirement as chairman of the IASB at the end of June 2011. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. Sir David's induction occurred at the American Accounting Annual Meeting in Anaheim, California. She also supervised reviews of IFRS transition and application for large multinationals and other listed companies. The group is required to represent the best available combination of technical expertise and diversity of international business and market experience. The Trustees oversee in the public interest the work of the Board and the organisationâs other bodies and IASB comprises of more than 100 worldwide accounting and financial organisations from 80+ countries. In addition, the Trustees announced that current IASB Board member Pat Finnegan will be retiring from his position on 30 June 2016. Mr Pacter has extensive experience in global financial reporting, particularly in Asia and the United States. In 1992, he was awarded the CFA Institute's Distinguished Service Award. He qualified as a French chartered accountant and auditor in 1975. The International Accounting Standards Board (IASB) recently published a discussion paper setting out their preliminary views on the goodwill impairment debate. Bruce Mackenzie was appointed to a five-year term as a full-time member of the IASB as of 1 October 2020. Ms Lloyd is originally from New Zealand and a former member of the Australian Accounting Standards Board. He was also a member of the IFRS Interpretations Committee, Secretary-General of the Nippon Keidanren (Japan Business Federation) Taskforce for early adoption of IFRS and an adviser to the Accounting Standards Board of Japan (ASBJ). In an extensive interview with Robert Bruce he talks about how wants to shape the IASB of the future. This site uses cookies to provide you with a more responsive and personalised service. Before joining the Board in 2017, she had returned to work as a partner at accountancy firm Mazars in Paris, France. Warren McGregor was appointed to the International Accounting Standards Board in January 2001. The IFRS Foundation trustees are currently seeking nominations for two vacancies in the IASB’s Board. 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