Bulletin
2005/3 – 31 May 2005
The Financial Reporting Council (FRC) has agreed, via circular resolution following a recommendation of its Nominations Committee, to appoint Mr Frank Palmer as a part-time member of the Australian Accounting Standards Board (AASB) for a three-year term commencing on 7 June 2005.
The appointment follows on from the resignation from the AASB of Ms Judith Downes.
Mr Palmer is a Director in the Corporate Reporting Group at Macquarie Bank. He has previous experience in advising on International Financial Reporting Standards at PricewaterhouseCoopers and has been a project manager with the International Accounting Standards Board in London.
The FRC is the peak body responsible for the broad oversight of the accounting and auditing standard setting process for the private and public sectors, as well as monitoring the effectiveness of auditor independence requirements in Australia. It comprises key stakeholders from the business and investing communities, the professional accounting bodies, governments and regulatory agencies. The FRC advises the Government on the accounting and auditing standard setting process and on the development of international accounting and auditing standards. It determines the broad strategic direction of the standard setters, the Australian Accounting Standards Board and the Auditing and Assurance Standards Board.
For further information, please contact the Secretariat of the Financial Reporting
Council
c/- The Treasury, Langton Crescent, Parkes ACT 2600.
Mr Jorge del Busto
Ph: (02) 6263 3144
Fax: (02) 6263 2770
E-mail:
jdelbusto@frc.gov.au
or visit the FRC’s website at
www.frc.gov.au.