The IFRS Foundation trustees have appointed
David Loweth as director for trustee activities.
The role has been created by the trustees in
response to the recent review of the IFRS Foundation strategy.
The review called for higher levels of
engagement and transparency between the International Accounting
Standards Board (IASB) and the trustees, particularly in the area
of due process oversight, as well as for clearer separation of the
roles and responsibilities of the two bodies.
Loweth is currently the UK Accounting Standard
Board technical director.
Previously he held senior roles in the UK
Treasury.
“David’s appointment will greatly assist the
trustees to fully discharge their constitutional responsibilities
and will bring enhanced transparency and vigour to the oversight of
the standard-setting process’ IFRS trustees chairman Michel Prada
said.
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