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Two new members join the IFRS Foundation

The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of the International Accounting Standards Board (IASB), have appointed Guy Jones and Goro Kumagai to the IFRS Interpretations Committee.

The IFRS Interpretations Committee responds to stakeholder questions about the application of IFRS Standards by publishing educative agenda decisions and if necessary, develop interpretations or amendments to the Standards.

Jones is a partner in the Toronto office of EY’s professional practice group and a member of EY’s Global IFRS policy committee. He is also a member of the Canadian Accounting Standards Board’s IFRS discussion group and the Canadian Securities Administrators Financial Reporting Advisory Committee.

Kumagai is a senior fellow of the markets strategic intelligence department at Mizuho Securities Co. and a visiting professor of the graduate school of management at Kyoto University. He is currently vice-chair of the IFRS Advisory Council, which is the strategic advisory body to the IASB and the Trustees, representing the Securities Analysts Association of Japan.

Kumagai will step down as a member of the IFRS Advisory Council upon his appointment to the Committee.

The appointments will commence 1 July 2018 and are for a three-year term which is eligible for renewal once.

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