Yu Chen appointed as member of the International Accounting Standards Board

The Trustees of the IFRS Foundation have appointed Yu Chen as a member of the International Accounting Standards Board (IASB), effective 1 January 2026.

With over 20 years of experience in accounting and standard-setting she has played an important role in converging Chinese Accounting Standards with IFRS Accounting Standards. Her extensive knowledge of the IASB’s work has been further enhanced by her active involvement in several of its advisory bodies—including as a member of the Accounting Standards Advisory Forum and the Emerging Economies Group—and engagement with national standard-setters.

Dr Chen joins the IASB from the Chinese Ministry of Finance, where she most recently served as the Deputy Director-General of the China Accounting Standards Committee, leading the team researching IFRS Accounting Standards and IFRS Sustainability Disclosure Standards and proposing technical recommendations.

She has previously served as director of the Accounting Regulatory Department of the Chinese Ministry of Finance, responsible for the development and implementation of Chinese Accounting Standards. She played a pivotal role in creating the mechanism that connects accounting standard-setting, implementation and supervision in China.

She is appointed for a five-year term and joins following the departure of Ann Tarca, whose second terms as board member ended on 30 June, and Jianqiao Lu, whose second term ends on 31 August¹.

Erkki Liikanen, Chair of the IFRS Foundation Trustees, said:

We are delighted to welcome Yu Chen to the IASB. Her extensive experience and deep understanding of international and Chinese accounting standards will be invaluable as we continue to enhance global financial reporting. On behalf of the Trustees, I would also like to thank Ann Tarca and Jianqiao Lu for their contributions to the IASB over the past eight years.

Andreas Barckow, Chair of the IASB, said:

Yu's appointment brings a wealth of knowledge and a unique perspective to the IASB. Her proven track record in aligning Chinese Accounting Standards with IFRS Accounting Standards and her active engagement with our advisory bodies make her an excellent addition to our team.

Dr Chen said:

I am honoured to join the IASB and to have the opportunity to contribute to the development of global accounting standards. I look forward to working with my fellow board members to continue the important work of enhancing transparency and comparability in financial reporting worldwide.

The Trustees announced in June the decision to gradually transition the number of members of both the IASB and its sister board, the International Sustainability Standards Board (ISSB), from 14 to 10 members each by the end of 2028, as board members’ terms end. The Trustees are committed to maintaining an appropriate geographical balance of the membership in the transition to smaller boards.

¹ Board members can serve two terms, not exceeding 10 years in total, as set out by the IFRS Foundation’s Constitution.