There was a sting in the tail after today’s announcement that Hans Hoogervorst will replace Sir David Tweedie as head of the IASB.
I’m not taking issue with the appointment. By all accounts Hoogervorst has extensive technical and political experience which will serve I’d expect as he attempts to grow the IASB.
I guess my only reservations come from an exchange with his office in the lead up to the announcement.
In June we asked his office at the Netherlands Authority for the Financial Markets, whether he was, to his knowledge, a candidate (after nominations had closed). After much to-ing and fro-ing we received an emphatic response: “The answer is no”.
In the broad scheme of things this is a minor point. The work of the IASB, and Hoogervorst’s efforts to grow the body, and release high quality standards – that’s the real story here.
And perhaps there was some confusion or some legitimate reason for the denials. Let’s hope there is more clarity from now on.
Does Darwin's theory apply to taxation? Colin ponders...
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Colin comments on the effect of Brexit on the influx of partners at KPMG
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states