Five New Associates Admitted to the Organization
The International Federation of Accountants (IFAC), the global organization for the accountancy profession with members and associates in 125 countries, announced today at the IFAC Council meeting in Kuala Lumpur, Malaysia, that Mr. Göran Tidström of Sweden has been appointed president of IFAC for a two-year term ending in November 2012. The IFAC Council also approved the nomination of Mr. Warren Allen of New Zealand for deputy president, a role previously held by Mr. Tidström.
“I am pleased to assume the role of president of this remarkable organization. We have the vision and the resources that will further enhance the relevance of the accountancy profession to the global economy and make IFAC even more valuable to all member bodies,” said Mr. Tidström. “Over the next two years, we will be participating in many dialogues with global policy makers and regulators. I look forward to making our strong leadership position known on public interest issues where the accountancy profession’s expertise is most relevant.”
A European representative to IFAC since 2000, Mr. Tidström became a member of the IFAC Board in 2003, served as chair of the Planning and Finance Committee and is a member of the IFAC Regulatory Liaison Group. Mr. Tidström has more than 30 years of experience as a public accountant with PWC in Stockholm, Sweden, where he is a senior partner and former chair.
Mr. Allen will serve as deputy president for a two-year term, and also takes the role of chair of the Planning and Finance Committee, which in conjunction with staff develops the strategic plan for IFAC. An IFAC Board member since 2006, Mr. Allen has been involved with IFAC in numerous roles, including as chairman of the Education Committee (now called the International Accounting Education Standards Board) from 1998 to 2004 and as a member of the Nominating Committee from 2006 to 2009. He is a resident of New Zealand and is a partner at Ernst & Young.
“I have worked closely with Göran Tidström and Warren Allen on many initiatives while serving on the boards and committees supported by IFAC,” said Robert Bunting, outgoing president of IFAC. “Their combined expertise on international audit and accounting issues, as well as their dedication and commitment to serving the public interest, will further the great strides IFAC has made in tackling both the new and existing issues impacting the profession. I feel confident that under their leadership, IFAC will not only achieve but surpass its goals for the coming years.”
Other highlights from the IFAC Council meeting include the election of three new members to the IFAC Board: Ramon Casals Creus (Spain), Ana Maria Elorrieta (Brazil) and Robert R Harris (United States). The IFAC Council also re-elected four Board members for a second term: Jelil Bouraoui (Tunisia), Robert Hodgkinson (United Kingdom), Japheth Katto (Uganda), and Olivia Faulkner Kirtley (United States). These additions and re-appointments bring additional diversity and balance with respect to gender, geographical region, and professional experience.
In addition, five new associates were admitted to the organization: Union of Accountants, Auditors and Financial Workers of Federation of Bosnia and Herzegovina; Croatian Audit Chamber; Institute of Certified Auditors of the Republic of Macedonia; Audit Chamber of Russia; and Institute of Certified Management Accountants of Sri Lanka. One existing associate was admitted to the organization as a member: Association of Accountants and Auditors of the Republic of Srpska. The official minutes from the meeting will be accessible on IFAC’s website in the coming weeks.
About IFAC
IFAC (www.ifac.org) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 164 members and associates in 125 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
Note to Editors – IFAC Board Members November 2010-November 2011:
Göran Tidström (President)
Ian Ball (Secretary), CEO, IFAC
Warren Allen (Deputy President)
Jelil Bouraoui**, Tunisia
Ramon Casals Creus*, Spain
Kevin Dancey, Canada
Ingrid Doerga, Netherlands
Ana Maria Elorrieta*, Brazil
Robert R Harris*, United States
Robert Hodgkinson**, United Kingdom
Gen Ikegami, Japan
Ved Kumar Jain, India
Japheth Katto**, Uganda
Olivia Faulkner Kirtley**, United States
Bernadette McGrory-Farrell, Ireland
Joycelyn Morton, Australia
Jacques Potdevin, France
Norbert Pfitzer, Germany
Roberto Resa Monroy, Mexico
Marta Rejman, Germany
Asad Ali Shah, Pakistan
Steve Vieweg, Canada
Zhiguo Yang, China
* New IFAC Board members as of November 2010
** IFAC Board members reappointed for a second term in November 2010