Hoogervorst reappointed as IASB chairman

His first term brought significant new standards.

Hans Hoogervorst was reappointed as chairman of the International Accounting Standards Board (IASB) for a second five-year term that will begin July 1. Ian Mackintosh, the IASB vice chairman, will retire on June 30.

Under Hoogervorst and Mackintosh, the IASB has completed high-profile standards on revenue recognition, financial instruments, and leases. The number of countries applying IFRS increased during their joint tenure.

Where to find May’s flipbook issue

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SPONSORED REPORT

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FASB’s Codification (ASC) 842, Leases, requires companies to make significant changes in the way they report operating leases. But one of the initial challenges might be simpler than you think … find out more with this report.