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The Trustees of the IFRS Foundation, who are responsible for the governance and oversight of the International Accounting Standards Board (Board), have appointed Tadeu Cendon and Rika Suzuki as Board members.

Mr Cendon has almost three decades of experience in auditing and consulting. He joins the Board from PwC Brazil Accounting and Consulting Services, where he has worked as Partner responsible for providing accounting advice to audit teams and multinational companies reporting under IFRS Standards. He has also served as the Director for Professional Development at the Brazilian Institute of Independent Auditors (IBRACON).

Ms Suzuki is currently IFRS Leader and Assurance Partner of PwC Aarata LLC in Japan, where she provides advice on accounting and reporting issues under IFRS Standards, Japanese GAAP and US GAAP. She also supervises reviews of IFRS transition and application for large multinationals and other listed companies. Ms Suzuki was a member of the Accounting Standards Board of Japan (ASBJ)’s Special Committee for IFRS Implementation. She also chaired the Japanese Institute of Certified Public Accountants (JICPA)’s Working Groups for Japan’s Modified International Standards (JMIS) and Revenue Recognition.

Both appointments are for a five-year term, effective 1 July 2019.

The Board includes a mix of professional and geographical backgrounds. Mr Cendon will fill one of the Board’s Americas seats while Ms Suzuki will fill a seat from the Asia-Oceania region.

Both Amaro Gomes, in an Americas seat, and Takatsugu Ochi, in an Asia-Oceania seat, will step down when their second terms end on 30 June 2019.

Sheila Fraser, Chair of the Trustees’ nominating committee, said:

I am very pleased to welcome Tadeu and Rika as new valuable additions to the Board. I would also like to thank Amaro and Tak for their excellent contribution to the standard-setting process.

Hans Hoogervorst, Chair of the Board, said:

Tadeu and Rika bring strong technical skills and extensive experience to the Board table and I very much look forward to working with them both.