PracticeAccounting FirmsDeloitte partner replaces Herz at IASB

Deloitte partner replaces Herz at IASB

John Smith, director of accounting policies at Deloitte & Touche, has been appointed to the International Accounting Standards Board, to replace Bob Herz, now chairman of the US Financial Accounting Standards Board.

Link: Companies face global rules wake-up call

Smith’s appointment to the global standard setter, as one of two part-time members on the board, was announced by Paul Volcker, chairman of International Accounting Standards Committee Foundation trustees, the oversight body of the IASB.

According to the IASB, Smith is an expert on standard-setting issues – in his role at Deloitte he consults with the firm’s national office and oversees the development of guidance on accounting matters.

Volcker said of Smith: ‘[He] understands the accounting issues facing auditors and preparers today and can bring a practical perspective on many of the difficult questions being addressed by the IASB.’

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