Former CFO joins IASB board

Former CFO joins IASB board

The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017

The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017.

The trustees of the IFRS Foundation, led by Michel Prada, are responsible for the governance of the board. Françoise Flores is appointed for an initial five-year term, expiring 31 December 2021.

Françoise Flores said: “Having followed the work of the IASB and the IFRS Foundation very closely for many years, I am grateful for the honour and opportunity to share in the responsibility of serving the IFRS Foundation’s mission.”

Flores has almost four decades of experience in financial reporting, from a company perspective as well as from a standard setting view. She served as the CEO of the European financial reporting advisory group (EFRAG) from 2010 until April 2016, and she was the chairman of EFRAG’s Technical Expert Group (TEG).

Sheila Fraser, chair of the IFRS Foundation Trustees’ nominating committee, said: “The IASB consists of technical experts from diverse, professional and geographical backgrounds. Françoise’s experience and technical expertise make her well suited to the role as a Board member.”

Hans Hoogervorst, chairman of the IASB, added: “Françoise’s broad and varied experience will bring interesting perspectives and expert input to the Board’s standard-setting work. I look forward to welcoming her on board.”

Flores also has ten years’ experience as a CFO, for both listed and private groups, including BPI Group, Intertechnique subsidiary IN-LHC and Thomson Group subsidiary Auxilec SA. Most recently, she had returned to work as a partner at accountancy firm Mazars in Paris, France.

The IASB reappointed chairman Hans Hoogervorst in February, effective from 1 July 2016.

Related Articles

New IASB/FASB lease accounting standards: what happens after the dust settles?

Accounting Standards New IASB/FASB lease accounting standards: what happens after the dust settles?

3w Craig Gillespie
Five reasons why your IFRS 9 project may have already failed

Accounting Standards Five reasons why your IFRS 9 project may have already failed

1m Nitin Iyer, Director in Global Risk Practice, Finastra
Lease accounting standards: are multinationals sitting on a ‘leaseberg’ of huge proportions?

Accounting Standards Lease accounting standards: are multinationals sitting on a ‘leaseberg’ of huge proportions?

7m Ross Chapman, Aptitude Software
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

2y Alia Shoaib, Reporter
Sports Direct implements FRC corrections in annual reporting

Accounting Standards Sports Direct implements FRC corrections in annual reporting

2y Stephanie Wix, Writer
Cashflow statement improvements targeted by watchdog

Accounting Standards Cashflow statement improvements targeted by watchdog

2y Stephanie Wix, Writer
FRC expects Brexit narrative within annual reports

Accounting Standards FRC expects Brexit narrative within annual reports

2y Stephanie Wix, Writer
FRC consults on approach to updating FRS 102 for changes in IFRS

Accounting Standards FRC consults on approach to updating FRS 102 for changes in IFRS

2y Richard Crump, Writer