Michael Izza, ICAEW chief executive, said:
“The appointment of Mr Hoogervorst as the new chair of the IASB heralds a new era for financial reporting."
“He and his future deputy Ian Mackintosh need to build on the tremendous progress made by David Tweedie towards achieving a single set of global accounting standards, working towards a positive US decision on adoption of International Financial Reporting Standards (IFRS). At the same time they need to inaugurate the transition to a new and very different phase of international accounting where the quality of existing and new standards is the overriding priority for the Board.”
© ICAEW - Institute of Chartered Accountants in England and Wales
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