APB senior exec appointed to international auditing body

Senior auditing figure, Jon Grant, has been appointed to serve on the International Auditing and Assurance Standards Board.

The IAASB is currently governed by the International Federation of Accountants, while subject to oversight of the US Public Interest Oversight Board.

Grant, who currently serves as executive director of the Finncial Reportng Council's Auditing Practices Board, takes up the position on January 1, 2008.

FRC chief executive Paul Boyle welcomed Grant's appointment. 'The UK's auditing standards are currently based on the IAASB's standards and the European Union is considering making their use mandatory in the future,' he said. 'Jon Grant's appointment to the IAASB is international recognition of his expertise and helps the UK remain influential in the development of international auditing standards.'