The Board of the International Federation of Accountants has approved the reappointment of John Kellas as chairman of the International Auditing and Assurance Standards Board.
Kellas has served on the independent standards-setting board since October 2000 and has been chairman since January 2004. The position became full time in October 2004. Kellas had been a member of the U.K. Auditing Practices Board from 1991 to 2002 and was a partner in London's KPMG office until his retirement in 2004. At KPMG he headed the Department of Professional Practice.
"[Kellas'] leadership has been invaluable over the past three years as he has worked to increase public interest input to the IAASB's standard-setting process, enhance the transparency of that process, and build relationships with national standard setters," said IFAC president Graham Ward, in a statement.
Kellas will continue to lead the IAASB's efforts to develop international auditing standards and promote convergence with those standards and their adoption by the European Commission. He will also serve as the primary contact to ensure public perspectives are fully considered by the IAASB.
Kellas' term will run until Dec. 31, 2008.
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