• Register
Return to: Home > News > Standards > Darrel Scott appointed SMEIG chair

Darrel Scott appointed SMEIG chair

The International Financial Reporting Standards Foundation has appointed South African Darrel Scott as the chairman of the SME Implementation Group (SMEIG).

Scott, former chief financial officer of South Africa's FirstRand Banking group, is currently one of the 15 members of the International Accounting Standards Board (IASB).

The purpose of the SMEIG is to support and monitor the international adoption of IFRS for SMEs by developing guidance and recommending amendments to the IASB.

Scott said that he would be looking forward to guide the further development and use of IFRS for SMEs and he explained: "IFRS has been accepted and adopted by many nations, but for smaller private entities in developing countries it can be challenging to apply such a comprehensive set of standards".

Scott will be the third South African SMEIG member, joining Bruce MacKenzie and Frank Timmins.

"As an institute, we are thrilled with Scott's appointment. His extensive experience in South Africa and regular interaction now in the IFRS for SMEs sector is what will give him the edge to succeed in his new position", South African Institute of Chartered Accountants' project director for financial reporting Sue Ludolph said.

Related links

The International Accounting Standards Board & The International Financial Reporting Standards Foundation

The SME Implementation Group

The South African Institute of Chartered Accountants

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.