IASB appoints two new members

The International Accounting Standards Board has replaced its two retiring
board members with representatives from the investment community.

Patrick Finnegan leads a team at CFA institute responsible for providing user
input in to the standard-setting activities of the IASB and other regulatory
bodies, Reuters reported.

Patricia MacConnell has 32 years’ experience in Bear Sterns’ Equity Research
group. She was ranked the top analyst in the United States on accounting and tax
issues for sixteen consecutive years by institutional investor magazine.

The pair will commence a five-year term starting on 1 July. They replace
outgoing members Mary Barth and Tom Jones who retire at the end of June.

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