Sunday, February 12, 2012

Former Chair of India’s Securities Regulator and former Big Four Global CEO Named to IASB Oversight Foundation

The former Chair of the Securities and Exchange Board of India, C. B. Bhave, and the former Global CEO of Deloitte Touche Tohmatsu Limited, James Quiqley, have been named trustees of the IFRS Foundation, which is responsible for the oversight of the International Accounting Standards Board. Before chairing the SEBI, Mr Bhave served as Chair and Managing Director of the National Securities Depository, during which time he led the reform of the Indian Tax Information Network and created India’s first share depository. In addition to his Deloitte responsibilities, Mr Quigley is co-Chair of the TransAtlantic Business Dialogue and serves as a Board member and adviser to several organizations. He is a former Trustee of the Financial Accounting Foundation, the FASB’s oversight body, and a former Board member of the Center for Audit Quality, He has also served on SEC and AICPA financial reporting advisory committees.