7 Mar. 2013
AASB establishes new Research Centre and Standard-setting Directorate
Kevin Stevenson, Chairman of the Australian Accounting Standards Board (AASB), today announced two important new AASB initiatives that will take effect from 1 July 2013:
- the formation of a dedicated AASB Research Centre to ensure Australia can continue to be at the forefront of thought leadership in financial reporting; and,
- the appointment of a new Directorate to manage the AASB’s standard-setting function.
AASB Research Centre
The Research Centre will undertake research in the private, public and not-for-profit sectors, both domestically and internationally. The AASB expects that some of this research will be in response to requests from the International Accounting Standards Board (IASB) and some will be of its own initiative. The Centre will also contribute where needed to underpin decisions by the AASB on standards and regulatory impact studies.
Mr Stevenson said: “Establishing this Research Centre is of critical importance, especially as the pendulum is swinging globally to underpinning accounting standards with more evidence-based research. Fortunately for us, we have experienced talent to mobilise the initiative quite quickly.”
Angus Thomson and Robert Keys: Directors of new AASB Research Centre
The new Centre will be headed by Angus Thomson, the AASB’s Deputy CEO and Director of Research. Robert Keys, the AASB’s current Technical Director, will manage the transition to the new standard-setting structure (see below) for the balance of 2013, before also joining Angus Thomson in managing the new Research Centre.
Three of the most experienced AASB senior project managers, Clark Anstis, Ahmad Hamidi and Jim Paul, will also transfer into the Centre. The research team’s work will, from time to time, be leveraged using the services of external researchers.
New Directorate for Standard-setting
In conjunction with the establishment of the Research Centre, the following senior staff are to be promoted to take over the direction of the standard-setting activities of the AASB and to maintain and enhance the AASB’s engagement with its domestic constituents and regional and international accounting standard setting organisations:
- Glenn Brady is to be Director – Australian Activities;
- Nikole Gyles is to be Director – Technical Projects and Board Activities; and
- Susan Lightfoot is to be Director – International Activities.
The appointments align the AASB staff structure with the strategic directions of the AASB, and reflect the changing nature of AASB activities domestically and internationally.
Nikole and Sue are currently Senior Project Managers with the AASB. Glenn is currently a Senior Project Manager on secondment to the IASB until June 2013. Glenn, Nikole and Sue have a broad range of experience in domestic and international standard setting as well as extensive experience in the public and private sectors. Please refer to Attachment A for more background on the three new Directors.
Mr Stevenson added: “The AASB has had sterling service over many years from a dedicated standard-setting team, headed for quite some time by Angus Thomson and more recently by Robert Keys. The new structure is intended to capitalise on the experience and intellect of that team, while creating opportunities for the talented staff coming through to take over the standard-setting side of our business. Given international developments and the AASB’s strategic directions, this transition could not have been more timely.”
For background information on staff joining the New Directorate for Standard-setting please see Attachment A.