Magazine article Strategic Finance

Global Accounting Panel Named

Magazine article Strategic Finance

Global Accounting Panel Named

Article excerpt

Trustees of the International * Accounting Standards Committee (IASC) have announced the names of the professionals who will constitute the membership of the International Accounting Standards Board (IASB). This Board's mission is to promulgate a single set of high-quality accounting standards that accounting and financial bodies around the world can support.

The IASC trustees appointed 12 of the members to full-time positions, including the chairman and vice chairman, and two to part-time positions. Sir David Tweedie from Britain was named chairman. Thomas E. Jones, former principal financial officer of Citicorp and chairman of the IASC, was named vice chairman.

Other members of the new standards-setting Board are Mary E. Barth, professor of accounting at Stanford University, a part-time member; Hans-Georg Bruns, liaison to the German standard setter and former chief accounting office for DaimlerChrysler; Anthony T. Cope, who has served as the Financial Accounting Standards Board (FASB) observer to IASC Board meetings.

Also: Robert P. Garnett, executive vice president of finance for Anglo American plc, a South African company; Gilbert Gelard, liaison to the French standard setter and a partner at KPMG in France; Robert H. Herz, part-time member, who will continue to be a partner at PricewaterhouseCoopers; James J. Leisenring, liaison to the U.S. standard setter and vice chairman and director of international activities at the FASB; and Warren McGregor, liaison to Australian and New Zealand standard setters and co-founder of Stevenson McGregor. …

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