The trustees of the IFRS Foundation have appointed Bruce Mackenzie as a member of the International Accounting Standards Board from 1 October 2020

Mackenzie, from Johannesburg, South Africa, has more than two decades of technical accounting experience. He joins the board for an initial term of five years from W. Consulting, an international firm providing advisory and technological solutions to companies applying IFRS Standards.

He is a chartered accountant and registered auditor in South Africa. He chairs the Pan African Federation of Accountants' technical standard-setters forum and has been a member of the Financial Reporting Standards Council of South Africa.

Mackenzie has previously been a member of the IFRS Foundation's IFRS for SMEs Implementation Group and the IFRS Advisory Council. He is currently serving as a member of the IFRS Interpretations Committee, where his term ends 30 June 2020.

The Board comprises members from varied professional and geographical backgrounds. Mackenzie will fill the Africa position, succeeding Darrel Scott, who steps down at the end of September when his second term ends.

Chair of the trustees nominating committee Michael Madelain said: “I am pleased to welcome Bruce as a valuable addition to the Board. I would also like to thank Darrel for the excellent contributions he has made to the organisation over the past 10 years.”

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Mackenzie said: “I look forward to becoming a Board member and continuing my contribution to the important mission of the IFRS Foundation of bringing transparency, efficiency and accountability to the world's capital markets.”