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MARTIN BAUMANN NAMED NEW IAASB CHAIR.

The International Auditing and Assurance Standards Board (IAASB) appointed Martin Baumann as its chair for a three-year term beginning January 1, 2019. The appointment was endorsed by the International Federation of Accountants (IFAC) board and approved by the Public Interest Oversight Board (PIOB), which oversees the IAASB's activities.

Most recently, Baumann was chief auditor and director of professional standards at the Public Company Accounting Oversight Board (PCAOB), PCAOB's Standing Advisory Group chair, and a member of the IAASB and International Ethics Standards Board for Accountants Consultative Advisory Groups. Before that, Baumann was Freddie Mac CFO and a senior partner at PricewaterhouseCoopers.

Baumann will be responsible for the finalization and implementation of IAASB's strategic objectives; engaging stakeholders, including national standard setters, regulators, investors, and companies; and delivering high-quality standards. He will begin working with the current chair, Arnold Schilder, as of October 29, 2018, to ensure a smooth transition.

For more information about the IAASB, visit www.iaasb.org.

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Title Annotation:NEWS/
Author:Kennedy, Elizabeth
Publication:Strategic Finance
Date:Oct 1, 2018
Words:158
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