He will replace Michele Embling, who is stepping down after six years in the role.
KPMG partner John Kensington.
KPMG financial services audit partner John Kensington is to replace Michele Embling as chair of the External Reporting Board (XRB).
XRB develops and issues reporting standards on accounting, audit and assurance, and climate, for organisations across the private, public, and not-for-profit sectors.
The appointment, which takes effect from August 11, follows Embling’s decision to step down after serving six years in the role.
In a statement today, the XRB board said it was grateful for her exceptional leadership and dedication over many years.
She had been a member of the XRB since its inception in 2011 and was the inaugural chair of the New Zealand Accounting Standards Board, a sub-board of the XRB.
“Under Ms Embling’s stewardship, the XRB is recognised domestically and internationally for the high quality of its work. She has overseen the expansion of the XRB’s mandate into non-financial reporting, bringing a strategic and pragmatic lens to standard setting and championing new and innovative thinking. Her leadership, expertise and constructive and thoughtful approach are deeply appreciated by stakeholders.”
Kensington had been on the board since 2017 and was also widely respected for his deep understanding of New Zealand’s assurance and reporting landscape, it said.
Kensington said he was looking forward to working with the board and stakeholders to meet the needs of information users, preparers and assurance practitioners. “The XRB plays a critical role in enabling transparency, accountability, and trust in New Zealand’s external reporting and assurance standards.”
Current board member Jacqueline Cheyne has been appointed deputy chair. Cheyne has been an XRB board member for six years.
This is supplied content and not commissioned or paid for by NBR.
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
