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IFRS Foundation expands Middle Eastern influence

THE BODY RESPONSIBLE for the oversight of the IASB has appointed its first trustee from the Middle Eastern region.

The IFRS Foundation yesterday announced the appointment of Abdulrahman Al-Humaid as a trustee with immediate effect. His appointment will expire on 31 December 2015, renewable once for a further three-year period.

Al-Humaid has more than 30 years leadership experience within various accounting and financial services activities, both within his home jurisdiction of Saudi Arabia as well as in the broader Middle Eastern region, the foundation said.

He chairs the Committee for Adopting International Accounting Standards of the Saudi Organisation of Certified Public Accountants (SOCPA), having served as the chairman of its accounting standards committee from 1996 until 2002.

“Dr Al-Humaid’s appointment reflects growing support for IFRSs across the entire Middle Eastern region. His experience will be of great benefit as we work to ensure that IFRSs can be applied across all regions of the world,” said Robert Glauber, chairman of the trustees’ nominating committee.

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