Commerce Minister Simon Power has announced the members of the External Reporting Board (XRB), which will supersede the Accounting Standards Review Board (ASRB) on July 1 with a broader range of powers.
Commerce Minister Simon Power has announced the members of the External Reporting Board (XRB), which will supersede the Accounting Standards Review Board (ASRB) on July 1 with a broader range of powers.
The XRB will be chaired by current ASRB chairman Kevin Simpkins, who will have his role transferred to the new agency.
Other ASRB members appointed to the XRB include chartered accountant Simon Carey, ASRB deputy chair Michele Embling, Graeme Mitchell, Bell Gully litigation partner Ralph Simpson, and Treasury chief accountant Ken Warren.
Other XRB board members are chartered accountant Neil Cherry, who is chair of the New Zealand Institute of Chartered Accountants professional standards board, and Securities Commission member Annabel Cotton.
The XRB will be responsible for all aspects of financial reporting, and for accounting and auditing standards-setting.
