PracticeAuditForum of Firms appoints new chairman

Forum of Firms appoints new chairman

The Forum of Firms, a global body tasked with promoting high-quality financial reporting, has elected a new chairman.

Link: Corporate reporting changes delayed

Will Lifford, a senior partner at mid-tier firm Grant Thornton, has been appointed for three years, with immediate effect.

Established in 2001, the Forum aims to promote consistent and high-quality standards of financial reporting and auditing worldwide. It has 25 members, who are the world’s major international auditing firms.

Lifford said: ‘There is much to be done to raise standards and improve the credibility of financial reporting around the world. I look forward to working with members of the Forum and others involved in the financial reporting chain to help achieve this.’

Lifford has been a partner at Grant Thornton for 22 years. During the 1990s he was head of the audit practice and served for three years on the national management board. He is also a past member of the Urgent Issues Task Force of the UK Accounting Standards Board.

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