The International Federation of Accountants has appointed Jörgen Holmquist as the first independent chair of the International Ethics Standards Board for Accountants (IESBA), beginning September 2012 for a three-year term.
The appointment of an independent chair for the IESBA was recommended by the Monitoring Group in its 2010 final report, “Review of the IFAC Reforms.” The purpose of the report was to strengthen the international auditing and assurance standards process to bolster public confidence in the work of auditors and in the financial reporting process.
