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IAASB's Tom Seidenstein on an efficient accounting profession

Accounting Weekly

Nov 14, 2022 | English

Tom Seidenstein seems drawn to challenges. Before becoming chairperson of the International Auditing and Assurance Standards Board (IAASB) he worked at Fannie Mae. An institution at the heart of the global financial crisis.   

“A key theme from IAASB, to Fannie Mae, to the role I played at the IFRS Foundation from its founding to 2011 - is this idea of efficient markets. They require high-quality reporting supported by assurance and audit so that capital is allocated efficiently and increasingly with the eye towards greater sustainability.”

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