David Frederick is Managing Director of Marcus Bishop Associates Chartered Certified Accountants, which he established in June 1995. He was Chief Accounting Examiner for the ICSA (The Governance Institute) from 2007-2017, a Principal University Lecturer, and has lectured in accounting and business globally including in, Angola, The Gambia, Jamaica, Nigeria, Poland, and St Lucia.

Mr. Frederick is the Association of Accounting Technicians (AAT) Immediate Past President and chair of the Remuneration Board. He previously chaired the AAT Management Board and Education Training & Monitoring Board. He is also a board member of the Pentecostal Credit Union, a former member of the Audit Committee member of two London based credit unions and has been a member of the HMRC Customer Journey Experience working party. Mr. Frederick has also authored six accounting and business books plus numerous articles.

Mr. Frederick is a Fellow Member of the Association of Accounting Technicians, Association of Chartered Certified Accountants, and Chartered institute of Public Finance and Accountancy. He is also Fellow Member of the Chartered Management Institute. He has an MBA from Manchester Business School and a BA Hons Economics from De Montfort University. Mr. Frederick is an associate member of the Association of Fraud Examiners and holds a Post Graduate Certificate in Teaching in Higher Education.

As of October 2021, 256 Japanese companies have either adopted or decided to adopt IFRS, and the number of adopters is increasing. With regard to Japanese GAAP, standards also continues to be developed in a way consistent with IFRS and other international accounting standards, for example in the areas of leases and impairment of financial instruments.

IFAC welcomes the opportunity to comment on the FATF’s review of Recommendation 24 relating to beneficial ownership transparency. IFAC—and the global accountancy profession that we represent—strongly supports the work of the FATF and others in advancing the fight against money laundering, terrorism financing and the proliferation of weapons of mass destruction.