Hoogervorst reappointed as chairman of IASB

By Ken Tysiac

The IFRS Foundation trustees announced Friday that Hans Hoogervorst has been reappointed 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 has increased during their tenure.

“Hans and Ian have provided strong and effective leadership of the IASB during these last five years, introducing major new improvements to financial reporting while overseeing continued progress toward global adoption of IFRS standards,” Michel Prada, chairman of the IFRS Foundation trustees, said in a news release.

Ken Tysiac (ktysiac@aicpa.org) is a JofA editorial director.

SPONSORED REPORT

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.