RegulationAccounting StandardsEuropean chairman sought for IASB parent

European chairman sought for IASB parent

IASCF head leaves after being appointed Italian finance minister

A new chairman is being sought for the body responsible for overseeing the
International Accounting Standards Board after current incumbent Tommaso
Padoa-Schioppa, was elected as the new Italian finance minister.

Padoa-Schioppa was named this week in Romano Prodi’s new government, having
only taken up the role at the Ianternational Accounting Standards Committee
Foundation at the beginning of the year.

Whoever is appointed to the role will join at a difficult time as the IASB is
encountering growing anxiety about US influence over its standards and the
recruitment process will be closely followed by the European Commission.

As a result, Brussels is expected to push for another European to be
appointed to the role, following the departure of former chairman of the US
Federal Reserve Paul Volcker last year.

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

6d Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter