The Trustees of the IFRS Foundation, who are responsible for the oversight and governance of the International Accounting Standards Board (Board), have appointed Andre Besson, Karen Higgins and M P Vijay Kumar to the IFRS Interpretations Committee (Committee).
The Committee works with the Board in supporting the consistent application of IFRS Standards. In particular, the Committee responds to application questions by publishing agenda decisions to explain how IFRS Standards apply to particular scenarios. If required, the Committee also develops interpretations (called IFRIC Interpretations, which are subject to ratification by the Board) or proposes that the Board amend the Standards.
Andre Besson is a finance and control professional with more than 25 years of experience, of which half has been in accounting policy and technical accounting. He is currently Head of Financial Reporting Guidelines at Nestlé SA in Switzerland. He is also co-chair of Swiss Holdings’ Working Group on Accounting and Reporting and a member of Business Europe’s Accounting Harmonization Working Group and Sounding Board.
Karen Higgins is an audit and assurance partner at Deloitte and has specialized in the financial services industry for more than 30 years. She is the leader of the Canadian IFRS Center of Excellence, and the Canadian firm representative on the Deloitte Global IFRS Leadership Team. Karen is also a former vice-chair of the Canadian Accounting Standards Board.
M P Vijay Kumar is Chief Financial Officer at Sify Technologies, one of India’s largest information and communications technology companies. He is a council member of the Institute of Chartered Accountants of India and serves as chair of its Accounting Standards Board. Vijay is also on the IFRS Advisory Council and the SME Implementation Group.
All appointments take immediate effect for a term ending 30 June 2024. Jongsoo Han (Korea Accounting Standards Board) and Robert Uhl (Deloitte) completed their terms at the end of June. Bertrand Perrin (Vivendi) stepped down from the Interpretations Committee before his term ended to assume his new role as a Board member. The IFRS Foundation Trustees thank the outgoing members for their years of valuable service.