New Independent Chair Appointed for IFAC's Education Standards Board Consultative Advisory Group

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    Feb 07, 2006
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    New Independent Chair Appointed for IFAC's Education Standards Board Consultative Advisory Group

    The international Public Interest Oversight Board* (PIOB) for the accountancy profession has appointed Dr. Charles H. Calhoun as Chair of the Consultative Advisory Group (CAG) to the International Accounting Education Standards Board (IAESB), an independent standard-setter within the International Federation of Accountants (IFAC). Dr. Calhoun’s appointment to a three-year term is effective from January 2006.

    The CAG, which includes representatives of academic institutions, regulators, accountancy bodies and other organizations with an interest in high-quality international standards on accounting education, provides technical advice and input on the strategic direction of the IAESB. The IAESB establishes, under its own authority, standards and guidance on the prequalification education, training, and continuing professional development of all members of the accountancy profession. The PIOB oversees the standard-setting activities of the IAESB to ensure that they are properly responsive to the public interest.

    “We welcome Dr. Calhoun’s appointment as the first independent chair of the IAESB CAG,” states Professor Stavros Thomadakis, Chair of the PIOB. “This important step will further strengthen the due process for setting education standards.” Dr. Calhoun is a Professor of Accounting and Finance at the University of North Florida. He is a former Chairman of the Florida State Board of Accountancy, a former Chairman of the National Association of State Boards of Accountancy’s CPA Examination and Review Board, and served as Technical Advisor to the United States representative on the IFAC Education Committee (now called the IAESB) from 1998 to 2004.

    The Chair of the CAG acts as the primary representative of those who use or rely on IAESB standards and guidance and encourages a deeper understanding by the IAESB of the public’s needs and expectations. The Chair provides leadership direction to the CAG, overseeing the achievement of the CAG’s goals and objectives. As the CAG’s liaison with the PIOB, the IAESB and identified key stakeholders, the Chair is also responsible for communicating the views of the CAG to these bodies and conveying the views of these bodies to the CAG.

    IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Its current membership consists of over 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards on auditing and assurance, ethics, education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in business.

    The CAG, which includes representatives of academic institutions, regulators, accountancy bodies and other organizations with an interest in high-quality international standards on accounting education, provides technical advice and input on the strategic direction of the IAESB. The IAESB establishes, under its own authority, standards and guidance on the prequalification education, training, and continuing professional development of all members of the accountancy profession. The PIOB oversees the standard-setting activities of the IAESB to ensure that they are properly responsive to the public interest.

    “We welcome Dr. Calhoun’s appointment as the first independent chair of the IAESB CAG,” states Professor Stavros Thomadakis, Chair of the PIOB. “This important step will further strengthen the due process for setting education standards.”

    Dr. Calhoun is a Professor of Accounting and Finance at the University of North Florida. He is a former Chairman of the Florida State Board of Accountancy, a former Chairman of the National Association of State Boards of Accountancy’s CPA Examination and Review Board, and served as Technical Advisor to the United States representative on the IFAC Education Committee (now called the IAESB) from 1998 to 2004.

    The Chair of the CAG acts as the primary representative of those who use or rely on IAESB standards and guidance and encourages a deeper understanding by the IAESB of the public’s needs and expectations. The Chair provides leadership direction to the CAG, overseeing the achievement of the CAG’s goals and objectives. As the CAG’s liaison with the PIOB, the IAESB and identified key stakeholders, the Chair is also responsible for communicating the views of the CAG to these bodies and conveying the views of these bodies to the CAG.

    IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. Its current membership consists of over 160 professional accountancy bodies in 120 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. IFAC, through its independent standard-setting boards, sets international standards on auditing and assurance, ethics, education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in business.


    * Note to Editors The international 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 IAESB, are properly responsive to the public interest. PIOB members are nominated by international institutions and regulatory bodies.

     

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