ICAEW on the future IASB leaders: They have an unenviable to-do list
13 October 2010
It is critical that Mr Hoogervorst engage with key IFRS stakeholders across the world at an early stage to understand their views and concerns. He and his fellow Board members also have to work very closely with regulators.
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
