Parrett, who is currently managing partner of Deloitte & Touche LLP in the US, will take over from Copeland if his nomination is approved by the firm’s board of directors in April.
Following his nomination, Parrett said, ‘I am honoured to be nominated to succeed Jim Copeland as CEO. Jim has been a great leader of our organisation, role model for our people, and advocate for enhancing the profession and the financial system.’
Parrett said that part of his job as CEO would be to help restore trust in capital market systems.
In a statement the firm said Parrett would focus on the ‘advancement of global accounting and auditing standards, corporate responsibility and accountability, and corporate citizenship in the global economy’.
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