The Trustees of the IFRS Foundation, responsible for the oversight and governance of the International Accounting Standards Board (Board), have confirmed the appointment and re-appointment of several organisations and individuals to the IFRS Advisory Council. All appointments take effect 1 January 2021 and are for a three-year period.
Currently chaired by Bill Coen, the Advisory Council advises the IFRS Foundation Trustees and the Board on strategic matters. It consists of representatives from over 50 groups affected by and interested in international financial reporting, including academics, analysts, auditors, investors, preparers, professional accounting bodies, regulators and standard-setters. With the exception of individual appointments, the Advisory Council membership is held by the organisation concerned.
New individual appointments and newly appointed representatives for organisations already on the Advisory Council
| Organisation | Name | Title |
|---|---|---|
| European Accounting Association (EAA) | Thorsten Sellhorn | EAA President; Professor of Accounting and Director of the Institute for Accounting, Auditing and Analysis at Ludwig-Maximilian University Munich’s School of Management |
| European Financial Reporting Advisory Group (EFRAG) | Saskia Slomp | EFRAG CEO |
| International Organization of Securities Commissions (IOSCO) | Antonio Quesada | Member of the IOSCO Board; Chair of the IOSCO Inter-American Regional Committee; Vice President of Regulatory Policy at the Mexican National Banking and Securities Commission (CNBV) |
| International Organization of Securities Commissions (IOSCO) | Marie Seiller | Member of IOSCO Committee on Issuer Accounting, Audit and Disclosures; Chief Accountant at the French Autorité des Marchés Financiers (AMF) |
| Investment Company Institute | Alan Trotter | Chief Financial Officer: Europe, Middle East & Africa at Invesco |
| World Bank | Barbara McGowan | Lead Policy Officer at the World Bank |
| Individual | Eduardo Flores | Assistant Professor at University of São Paulo - School of Accounting and Actuarial Science |
| Individual | Tania Wimberley | Head Financial Reporting Issuer Regulation Division at the Johannesburg Stock Exchange |
Re-appointment of representatives of existing organisations on the Advisory Council
| Organisation | Name | Title |
|---|---|---|
| BusinessEurope | Kristian Koktvedgaard | Head of VAT, Accounting and Auditing at the Confederation of Danish Industry; Member of the Danish Accounting Council |
| Capital Markets Board of Turkey | Sibel Ulusoy Tokgöz | Deputy Head of Accounting Standards Department, Capital Markets Board of Turkey |
| European Federation of Financial Analysts Societies (EFFAS) | Javier de Frutos | Partner & CIO at Sailbridge Capital; Chair of EFFAS Commission on Financial Reporting |
| External Reporting (XRB), New Zealand | Ken Warren | Chief Accounting Advisor for New Zealand Treasury |
| Financial Executives International (FEI) | Ron Edmonds | Controller and Vice President of Controllers and Tax of Dow |
| International Corporate Governance Network | Ian Burger | Head of Corporate Governance at Newton Investment Management |
| Pricewaterhouse Coopers | Henry Daubeney | Global IFRS leader |
Members stepping down at the end of their terms
The IFRS Foundation Trustees also take this opportunity to thank the following representatives for their contributions as they step down from the IFRS Advisory Council at the end of 2020:
- Areewan Aimdilokwong, IOSCO
- Clive Brown, Investment Company Institute (who stood down in September 2020)
- Garth Coppin, Financial Reporting Standards Board of South Africa
- Jean Paul Gauzes, EFRAG
- Professor Ann Jorissen, European Accounting Association
- Ton Meershoek, IOSCO
- Pam O'Connell, World Bank
The European Commission, Japan’s Financial Services Agency and the US Securities and Exchange Commission attend the Advisory Council meetings as observers.
