Alta Prinsloo and James Gunn have been named Deputy Directors of the International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC). In announcing the appointments, IFAC Chief Executive Ian Ball said the promotion of Ms. Prinsloo and Mr. Gunn, both of whom currently serve as senior technical managers to the IAASB, recognizes the high level of expertise, broad-based experience, and depth of knowledge that they bring to the newly created positions. Both individuals assumed their new positions on May 1, 2006 and continue to report to James Sylph, IFAC Technical Director.
Ms. Prinsloo joined the IAASB staff team in September 2002 from the South African Institute of Chartered Accountants. As IAASB Deputy Director, she will provide technical direction on the development of the Board's standards. In addition, she will oversee the publication of IAASB pronouncements in electronic and print formats and ensure that IAASB initiatives and related information are appropriately communicated through the Board's website (www.iaasb.org) and other outlets. She will also provide administrative support to the IAASB Consultative Advisory Group and act as point of contact between the IAASB and the International Organization of Supreme Audit Institutions.
Mr. Gunn was seconded from his firm, KPMG, to assist the IAASB between November 2000 and May 2001. He joined the IAASB on a permanent basis in September 2002. As Deputy Director, he will oversee and coordinate all IAASB standard-setting projects, including the Clarity project, which is designed to enhance the readability and understandability of IAASB pronouncements. He will also monitor auditing standard activities of key national standard setters and administer the annual meeting that the IAASB hosts with those bodies.
About the IAASB
The objective of the IAASB, an independent standard-setting Board within IFAC, is to serve the public interest by setting high quality auditing and assurance standards and by facilitating the convergence of international and national standards, thereby enhancing the quality and uniformity of practice throughout the world and strengthening public confidence in the global auditing and assurance profession. The Public Interest Oversight Board* oversees the activities of the IAASB and, as one element of that oversight, establishes the criteria for its due process and working procedures.
* Note to Editors The Public Interest Oversight Board was formally established in February 2005 to oversee IFAC's auditing and assurance, ethics, and education standard-setting activities as well as the IFAC Member Body Compliance Program. The objective of the PIOB is to increase confidence of investors and others that such activities, including the setting of standards by the IAASB, are properly responsive to the public interest. PIOB members are nominated by international institutions and regulatory bodies.