The IFRS Foundation has appointed Richard Thorpe as its new Director for Trustee Activities. The Trustees are responsible for oversight of the International Accounting Standards Board and Mr Thorpe will support them in developing and executing their work programme.
Mr Thorpe will report to Yael Almog, IFRS Foundation Executive Director, and work closely with Michel Prada, Chair of the Trustees. Mr Thorpe joins from the Financial Stability Board (FSB), where he was Adviser on Accounting and Auditing. Prior to that he was Head of Accounting, Auditing and Regulatory Reporting Policy at the UK Financial Services Authority (now the Financial Conduct Authority).
Ms Almog said:
Richard has been involved with financial reporting, auditing and other regulatory matters for two decades, giving him not only vast and highly relevant experience but also a valuable understanding of how the role of the IFRS Foundation has developed over time.
Commenting on his appointment, Mr Thorpe said:
I strongly support the work of the IFRS Foundation and have seen first-hand the importance of high quality, global accounting standards. I very much look forward to joining the organisation.
Mr Thorpe joins the IFRS Foundation on 1 September 2016. He replaces David Loweth, who will step down from his full-time position to take up a part-time role looking at developments in corporate reporting and their relevance to IFRS Standards.