FRC’s Marek Grabowski appointed to the International Auditing and Assurance Standards Board

News types: Staff/Board Announcements

Published: 11 December 2013

PN 105 The Financial Reporting Council (FRC) is delighted that Marek Grabowski, Director of Audit Policy at the FRC has been appointed to the International Auditing and Assurance Standards Board (IAASB). As a UK member of the Board, Marek will work with other members towards developing global standards on auditing and assurance that enhance public trust in financial reports. Marek will take up his position from 1 January 2014 and will serve on the board for an initial period of 3 years.

 
Professor Arnold Schilder, Chairman of the IAASB said of the appointment:

“We are delighted that Marek will be joining the board to continue our mission of developing and issuing high quality standards on auditing and other assurance and related services. Marek brings with him 4 years of experience leading the development of auditing standards for the UK and Ireland whilst making a strong contribution to our work over the same period, as a Technical Advisor to IAASB member Jon Grant in which capacity he served in various Task Forces.  He also brings a wealth of technical and practical experience as a former auditor and capital markets transaction specialist over 31 years. Continuing to bring this experience to the board, as well as access to stakeholders in the UK and Ireland, will enhance the work that we do in facilitating the convergence of national and international standards and in enhancing audit quality and strengthening public confidence in the audit globally.”


FRC CEO Stephen Haddrill said:

"The UK has the second largest capital market and audit market in the world. We are wholly committed to the IAASB and to international standards that drive audit quality to the benefit of investors. The FRC is delighted that Marek will be a voice for the UK and audit quality at the heart of international standard setting."  


As part of his work on the IAASB, Marek will require the support of a Technical Advisor. The FRC will recruit for this position shortly.
 
Notes to editors:

  1. The FRC is responsible for promoting high quality corporate governance and reporting to foster investment.  We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work.  We represent UK interests in international standard-setting.  We also monitor and take action to promote the quality of corporate reporting and auditing.  We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.

  2. The IAASB develops and issues, in the public interest and under its own authority, high quality standards on quality control, auditing, review, and other assurance and related services.  It is dedicated to facilitating the convergence of national and international standards, thereby enhancing the quality and consistency of practice throughout the world and strengthening public confidence in the global auditing and assurance profession.  The IAASB is a Public Interest Activity Committee established by the International Federation of Accountants (IFAC).  The Public Interest Oversight Board (PIOB) has oversight authority over the IAASB.  The PIOB is an independent body with the objective to increase confidence of investors and others that the public interest activities of IFAC – including the setting of standards by the IAASB – are properly responsive to the public interest.

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