PwC partner named ASB chairman
Mary Keegan, senior partner at PricewaterhouseCoopers, has been named as the new chairman of the Accounting Standards Board, the Financial Reporting Council announced today.
On her new role, Keegan said: ‘It’ll be a huge change after 26 years in the firm. But, I’m looking forward to building international consensus. It’s the beginning of a new era.’
Sir David Tweedie will step down on 31 December after 10 years at the head of one of the world’s leading standard-setters to take up his new post as board chairman of the International Accounting Standards Committee.
Sir Sydney Lipworth QC, chairman of the FRC, said: ‘Far reaching changes are taking place in the environment in which the ASB operates, providing the opportunity for the ASB to make a vital contribution to the new international standard-setting regime. I am confident under Mary Keegan’s leadership the ASB will build securely on the solid foundations which have been laid.’
Keegan has been a vociferous advocate of the harmonisation process of accounting standards to improve the flow of capital and ability to compare and contrast companies’ financial statements. She is the head of PwC’s global corporate reporting group, a member of the ASB’s Urgent Issues Task Force since 1993 and has been the vice president of the Federation of European Accountants for the last two years.
Kieran Poynter, senior partner of UK PwC, said: ‘In her 26 years with PricewaterhouseCoopers Mary Keegan has played a leading role in setting and maintaining the high quality standards achieved by the firm in accounting and auditing both in the UK and internationally.
‘Naturally we are very sad to see here go but we are proud of her achievements and confident that she will do an excellent job in taking the ASB forward.’
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