What's Happening?
The International Federation of Accountants (IFAC) has announced the appointment of Fiona Campbell as the new chair of the Forum of Firms, effective July 23, 2025. Campbell, who is based in Melbourne, Australia, succeeds David Isherwood, who has led the Forum since November 2017. Campbell is a partner at EY's Melbourne assurance practice and has extensive experience in audit methodology and standard setting. Her appointment comes as the global accountancy community faces a rapidly changing environment, with a focus on maintaining high standards of integrity and quality. IFAC CEO Lee White praised Isherwood's leadership and contributions, particularly his role in advancing the Forum's mission and fostering collaboration across the profession.
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Why It's Important?
The appointment of Fiona Campbell as chair of the Forum of Firms is significant as it underscores the ongoing efforts to uphold and enhance global accounting standards. The Forum of Firms plays a crucial role in ensuring that international networks of firms adhere to high-quality audit practices, which is vital for maintaining public trust in financial reporting. Campbell's leadership is expected to guide the Forum through a period of transformation, as the accounting profession adapts to new challenges and opportunities, including sustainability and technological advancements. Her experience and commitment to audit quality will be instrumental in navigating these changes and ensuring that the profession continues to meet the evolving needs of stakeholders.
