The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) welcome the appointment of Steven Maijoor as Chair of the IFRS Foundation Trustees. Mr. Maijoor succeeds Erkki Liikanen and brings extensive experience in financial regulation and international standard setting to the role.
Commenting on Mr. Maijoor's appointment, Gabriela Figueiredo Dias and Tom Seidenstein, Chairs of the IESBA and IAASB respectively, said:
"We warmly welcome Steven Maijoor as Chair of the IFRS Foundation Trustees. His deep experience across financial markets, audit regulation and international standard setting gives him a strong understanding of the interconnected system in which the IFRS Foundation, the IAASB, and the IESBA all operate.
“Coherence between financial and non-financial reporting, audit, and ethics and independence standards matters more than ever to investors, regulators, and the public. We are grateful to Erkki Liikanen for his leadership of the IFRS Foundation Trustees and for the strong engagement and collaboration between our organizations during his tenure. We look forward to building on this strong foundation with Mr. Maijoor to help ensure these standards continue to work together as one interoperable system."
The IAASB and IESBA remain committed to close engagement with the IFRS Foundation to support interoperable, high-quality global standards. Further information on the appointment is available on the IFRS Foundation's website.
About IAASB and IESBA
The International Auditing and Assurance Standards Board© and the International Ethics Standards Board for Accountants© are part of the International Foundation for Ethics and Audit (IFEA)©, a nonprofit organization that supports high-quality, international ethics, audit, and assurance standards in the public interest. The IAASB and IESBA develop and issue their standards independently and in accordance with an approved due process and the Public Interest Framework, overseen by the Public Interest Oversight Board.
The IAASB develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements.
The IESBA is an independent global standard-setting board. The IESBA’s mission is to serve the public interest by setting high-quality, international ethics (including independence) standards as a cornerstone to ethical behavior in business and organizations, and to public trust in financial and non-financial information that is fundamental to the proper functioning and sustainability of organizations, financial markets and economies worldwide.