A conversation with Professor Warren McGregor about the IASB
Professor Warren McGregor talked about his 10 year term with the International Accounting Standards Board (IASB) in a recent Business Links Seminar.
"My time at the IASB and challenges for the future – a conversation with Warren McGregor" was the title of a recent Business Links Seminar hosted by the Centre for Accounting, Governance and Taxation Research (CAGTR), in association with the External Reporting Board (XRB).
The seminar was presented by Professor Warren McGregor, an inaugural member of the International Accounting Standards Board (IASB). Warren traversed his 10-year term on the IASB, in particular highlighting some of the major events of the decade offering a behind the scenes look at these critical events.
He then drew from his experiences to make some observations about the challenges for the future, such as bringing the United States into the IFRS family and the oversight, structural and funding issues relating to public sector accounting standards.
Kimberley Crook, Deputy Chair of the New Zealand Accounting Standards Board and partner and national leader of Financial Accounting Advisory Services for Ernst & Young, provided the commentary.
Kimberley drew on her own experiences while involved in international standard-setting to provide another perspective on some of the critical events of Warren’s term on the IASB, and then drew on Warren’s experiences and observations about the future to highlight issues for us in New Zealand.
Around 75 people, from a wide range of corporate and public sector organisations, attended the seminar.
In his closing comments Kevin Simpkins, Chair of the XRB and Adjunct Professor in the School of Accounting and Commercial Law, paid tribute to Professor McGregor for his outstanding service to the international accounting community and also for his close friendship with the New Zealand standard-setting community for the last 30 years.