15 November 2012
The
Trustees of the IFRS Foundation, the oversight body of the International
Accounting Standards Board (IASB), announced today the appointment of Mary Tokar
to serve as a member of the IASB for an initial term ending 30 June 2017,
renewable for a further three years. She will join the IASB in January
2013.
Ms Tokar is a highly-respected figure in the field of
international financial reporting. She has served for more than 10 years
as the global leader for KPMG's International Financial Reporting Group, leading
KPMG's dialogue with the global accounting regulatory and standard-setting
communities. Ms Tokar has significant experience in the application of
International Financial Reporting Standards (IFRSs) in both developed and
emerging economies, having worked with KPMG engagement teams and clients around
the world in their transition to and application of IFRSs. She served as a
member of the IFRS Interpretations Committee between 2001 and 2007 and is a KPMG
global leader in the fields of employee benefits and share-based
payments.
Previously, Ms Tokar worked at the US Securities and Exchange
Commission (SEC) as the Senior Associate Chief Accountant, International, in the
Chief Accountant's Office. At the SEC Ms Tokar was the lead SEC representative
for international accounting issues, and she chaired an international committee
of securities regulators working on disclosure and accounting issues for the
International Organization of Securities Commissions (IOSCO).
Ms Tokar
graduated from Williams College and earned an MBA from New York University's
Stern School of Business. She is a New York State Certified Public
Accountant.
Commenting on the appointment, Robert Glauber, Chairman of
the Trustees' Nominating Committee, said:
"Mary is one of the most highly
regarded and technically competent members of the international financial
reporting community. She has exemplary credentials and is an excellent
addition to the Board."
Hans Hoogervorst, Chairman of the IASB, said:
"Mary brings a wealth of
experience in the implementation of IFRS around the world. She is an
excellent choice to follow in the footsteps of Paul Pacter, who will be retiring
from the Board at the end of the year."
I very much admire her
straight-talking, no-nonsense approach when discussing financial reporting
issues and I look forward to the immense contribution that I have no doubt she
will bring to our discussions."
Mary Tokar said:
"I am a strong
believer in global accounting standards and have spent more than 10 years
working with companies around the world adopting and applying IFRSs. I
very much look forward to helping shape the future direction of the standards
and supporting those remaining economies in their transition to
IFRSs."