The International Auditing and Assurance Standards Board (IAASB) has reappointed Tom Seidenstein as IAASB chair for a further three-year term commencing 1 July 2022.

Seidenstein has chaired the IAASB since July 2019. Prior to joining the IAASB, Seidenstein held senior leadership positions at the Federal National Mortgage Association and the IFRS Foundation.

Chair of the Public Interest Oversight Board (PIOB) Linda de Beer said: “We are delighted with Tom’s reappointment as Chair of the IAASB. He has proven himself to be an effective, strategic leader, who is focused on delivering results in the public interest.  He has the confidence of the PIOB to lead the IAASB on the next chapter of its journey to prioritize standards development in a timely manner to respond to the needs and challenges of the market.”  

Commenting on his reappointment, Seidenstein said: “It is an honour to continue the work we’ve started at the IAASB. Together with a great staff and Board, we’ve delivered on our work plan commitments. We provided real help to the market during the pandemic by publishing real-time guidance to the accountancy profession. Now, as the public interest demands evolve with issues such as sustainability assurance and technological innovation, the IAASB must remain resolute in delivering globally accepted standards in a timely manner that respond to changing public interest needs. I’m excited for the next three years!”