Jeff Lucy, chairman of the Australian Securities and Investment Commission (ASIC) has been named the inaugural chairman of the freshly formed International Forum of the Independent Audit Regulators (IFIAR).
The forum was created last Friday at a roundtable meeting in Paris attended by independent audit regulators from around the world. Lucy’s appointment is for a one year term. The forum is made up of audit regulators from 18 countries: Australia, Austria, Brazil, Canada, Denmark, France, Germany, Ireland, Italy, Japan, Mexico, The Netherlands, Norway, Singapore, South Africa, Spain, Sweden and the United Kingdom. The aim of the forum is to try to reduce inefficiencies and costs in audit regulation as well as to promote best practice in audit oversight. IFIAR is expected to meet twice a year to discuss issues such as audit supervision for international audits, choice in the audit market and the factors that drive audit quality.
19/09/2006
africa, netherlands, forum, mexico, audit, spain, ifiar, sweden, italy, independent, regulators, singapore
Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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