CFA Institute Executive to Lead the IAASB’s Consultative Advisory Group
CFA Institute announces that Matthew Waldron, director of Financial Reporting Policy, has been appointed Chair of the Consultative Advisory Group (CAG) to the International Auditing and Assurance Standards Board (IAASB), effective April 1, 2015.
The IAASB CAG, an independent body, comprises a diverse mix of 32 Member Organizations including regulators, preparers, financial executives, lawyers, valuation experts and actuaries with interests in, or related to, audit and assurance. Waldron will lead the Group in providing strategic and technical advice in the public interest to the IAASB and will play a key role in ensuring that the CAG’s views are heard and considered in the IAASB’s deliberations.
In his role at CFA Institute, Waldron is part of the Financial Reporting Policy team, which is responsible for tracking all financial reporting issues, with his focus on audit and assurance matters. In addition, Waldron has served as a representative of CFA Institute on the IAASB CAG since 2008. In that role, he is principally responsible for monitoring and responding to audit and assurance issues relating to investor interests. He is also a member of the CAG to the International Ethics Standards Board for Accountants. His prior experience includes working for KPMG, PwC, and the University of Virginia.
“It is an honor to serve the CAG, particularly at this critical time for financial reporting supply chain stakeholders,” said Waldron. “I look forward to marshalling the CAG members’ global knowledge and experience to help the IAASB’s work and, in particular, ensuring end-users have a clear voice in the development of the IAASB’s standards and guidance.”
Commenting on Waldron’s appointment, Prof. Arnold Schilder, IAASB Chairman, said, “Matt’s extensive senior experience working within, and advising, the financial services sector means he brings a highly valued perspective to the CAG’s important work. We look forward to his leadership of the CAG as the IAASB embarks on several new standard-setting initiatives.”
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow.
About IAASB CAG
The CAG comprises a diverse mix of 32 Member Organizations** including, user groups, regulators, financial executives, international public interest organizations and other professional bodies such as lawyers, valuation experts and actuaries with interests in, or related to audit and assurance. The CAG is an integral and important part of the IAASB's formal process of consultation, and Representatives of CAG member organizations provide the IAASB advice on numerous areas, including the IAASB’s agenda and project timetable (work program); its technical projects; and other matters of relevance to the IAASB’s activities. The Public Interest Oversight Board (PIOB) oversees the work of the CAG, and the roles and responsibilities (DOC) of the CAG Chair are approved by the PIOB.
**IAASB CAG Members Organizations and Observers
- Asian Financial Executives Institutes
- Associação Brasileira de Instituições Financeiras de Desenvolvimento
- Basel Committee on Banking Supervision
- BUSINESSEUROPE
- CFA Institute
- European Commission
- European Federation of Accountants and Auditors for SMEs
- European Financial Executives Institutes
- Fédération des Experts Comptables Européens
- Gulf States Regulatory Authorities
- Information Systems Audit and Control Association
- Institute of Internal Auditors
- International Accounting Standards Board
- International Actuarial Association
- International Association of Insurance Supervisors
- International Bar Association
- International Corporate Governance Network
- International Organization of Securities Commissions
- International Organization of Supreme Audit Institutions
- International Valuation Standards Council
- Islamic Financial Services Board
- Japan Securities Dealers Association
- National Association of State Boards of Accountancy
- North American Financial Executives Institutes
- Organisation for Economic Cooperation and Development
- Sri Lanka Accounting and Auditing Standards Monitoring Board
- United Nations Conference on Trade & Development
- World Bank
- World Federation of Exchanges
**IAASB CAG Members Organizations and Observers
- Financial Services Agency, Japan
- International Monetary Fund
- US Public Company Accounting Oversight Board
About the International Auditing and Assurance Standards Board® (IAASB®)
The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB, and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants (IFAC).