Schilder Re-Appointed as IAASB Chairman

Arnold Schilder has been re-appointed to chair the International Auditing and Assurance Standards Board from 2012 to 2014.

This will be Schilder’s second three-year term, which will begin on Jan. 1, 2012. The appointment was approved by the Public Interest Oversight Board — an independent body that oversees IAASB activities — at its latest meeting in Madrid, Spain, on June 28–29.

From 1998 to 2008, Prof. Schilder was a member of the managing board of the Dutch Central Bank, responsible for banking regulation and supervision. He served as the chairman of the Basel Committee on Banking Supervision’s Accounting Task Force from 1999–2006, and from 2005–2008 as a member of the PIOB. During 1994 and 1995 he served also as president of Royal NIVRA. From 1972 to 1998 he worked with PricewaterhouseCoopers, serving since 1985 as an international audit partner.

The IAASB, which operates under the auspices of the International Federation of Accountants, has been working to set auditing and assurance standards and facilitate the convergence to international standards. Schilder will guide the IAASB in enhancing the quality and uniformity of audit practice throughout the world by promoting the adoption and implementation of its International Standards on Auditing. In addition, he will steer the board as it works to build public confidence in financial reporting by developing new standards addressing assurance services such as on greenhouse gas statements and pro forma financial information.

“I am delighted to announce that Arnold Schilder will continue to serve as chairman, which will provide for stability and ongoing leadership of IAASB operations well into the future,” said IFAC CEO Ian Ball in a statement. “Arnold has been a superb chairman of the IAASB as it implements its first strategy and work program after the Clarity Project. His leadership has enabled the IAASB to make significant progress on standards for review and compilation engagements, which are particularly relevant to small- and medium-sized practices.”

“It has been my great pleasure to chair the IAASB for the past 18 months, and I am honored to have been re-appointed to lead the board through 2014,” said Schilder in a statement. “I look forward to continuing the board’s work to achieve global adoption of the clarified ISAs and to helping practitioners around the world successfully implement these high-quality international auditing standards.”