IFAC Appoints Fiona Campbell as New Chair of Forum of Firms

What's Happening?

The International Federation of Accountants (IFAC) has appointed Fiona Campbell as the new chair of the Forum of Firms, effective July 23, 2025. Campbell succeeds David Isherwood, who has chaired the Forum since November 2017. Campbell, based in Melbourne, Australia, is a partner at EY's Melbourne assurance practice, focusing on audit methodology and standard setting. Her appointment is seen as a strategic move to guide the Forum at a critical moment for the profession, as the global accountancy community navigates a fast-changing environment. IFAC CEO Lee White praised Isherwood's leadership and expressed confidence in Campbell's ability to continue driving the Forum's mission forward.

Why It's Important?

Campbell's appointment is significant for the accounting profession as it comes at a time when global standards and integrity are increasingly under scrutiny. Her leadership is expected to enhance the Forum's role in ensuring high-quality audit practices worldwide. This transition may impact international accounting firms, especially those with transnational audit appointments, as they adapt to new leadership and potential shifts in audit standards. The appointment underscores the importance of maintaining rigorous audit standards and fostering collaboration across the profession, which is crucial for public trust and the integrity of financial reporting.