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(New York, February 25, 2009)

The Board of the International Federation of Accountants (IFAC) has extended Ian Ball's term as Chief Executive Officer until February 2013. Mr. Ball joined IFAC as its Chief Executive in March 2002, having previously served IFAC as Chair of its Public Sector Committee (now International Public Sector Accounting Standards Board) and as a member of its Nominating Committee. Prior to that, Mr. Ball was a Professor of Accounting and Public Policy, an international consultant in public management, an accounting standard setter, and a senior official in the New Zealand Treasury. 

"During these challenging financial times, IFAC is pleased to have a seasoned leader who can collaborate effectively with accountancy bodies worldwide, with regulators, with standard setters, and with governments and others in the international community to restore and strengthen the international financial system, while at the same time pursuing our mission and long-term strategies," comments IFAC President Robert Bunting.

During his tenure at IFAC, Mr. Ball has overseen the implementation of the IFAC Reforms, a series of initiatives designed to strengthen international audit, ethics, and accounting education standard-setting processes to achieve convergence to international standards and to ensure that the international accountancy profession is responsive to the public interest. These reforms included the launch of the Member Body Compliance Program, which requires members and associates to promote, incorporate, and assist in implementing international standards issued by IFAC and by the International Accounting Standards Board, and to meet requirements for quality assurance, investigation, and discipline activities.

In addition, under his leadership, IFAC has expanded its support for developing nations, for small- and medium-sized practices and enterprises, for the International Public Sector Accounting Standards Board, and for professional accountants in business.

About IFAC
IFAC (www.ifac.org) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 157 members and associates in 122 countries and jurisdictions, representing more than 2.5 million accountants in public practice, education, government service, industry, and commerce. The organization, through its independent standard-setting boards, sets international ethics, auditing and assurance, education, and public sector accounting standards. IFAC also issues guidance to encourage high-quality performance by professional accountants in business.

Jennifer DiClerico
Head of Communications

Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information.
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