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.