The International Public Sector Accounting Standards Board (IPSASB) has re-appointed Ian Carruthers as chair for a third term through 2024.

Carruthers will continue to lead the board as it continues its focus on delivering high-quality financial reporting standards for the public sector. Over the next four years, Carruthers will continue to advance the Board’s standard-setting agenda while remaining responsive to emerging stakeholders needs and building on the current implementation momentum.  

Commenting on his appointment, Carruthers said: “There have been few times in history when public sector accountability has been more important than now, as governments worldwide face the huge economic challenges arising from COVID-19.

“With many pivotal initiatives on our agenda now and in the next few years, as well as the building implementation momentum globally, I look forward to continuing to lead the IPSASB in serving the public interest, and helping governments to address these challenges effectively and transparently. In doing so, it is a pleasure to work with such a talented Board and staff, and to benefit from the ongoing advice from both IPSASB’s Consultative Advisory Group, and the Public Interest Committee.”

IPSASB managing director of professional standards James Gunn said: “As the global standard setter for public sector accounting, the IPSASB must continually challenge what it does, and how it delivers timely, relevant and high-quality international standards. Mr. Carruthers’ reappointment assures continuation of the IPSASB’s strong track-record under his leadership.”

Carruthers was initially appointed as IPSASB chair in 2016. His current term ends in 2021, and his re-appointment is for a final term ending on 31 December 2024.