The Public Interest Committee (PIC) and the International Federation of Accountants (IFAC) are pleased to announce the establishment of a Search Committee to select the next Chair of the International Public Sector Accounting Standards Board (IPSASB) for an initial three-year term starting on January 1, 2026. The appointee will succeed Ian Carruthers, IPSASB Chair since 2016.
The Search Committee will be chaired by Mr. Vinod Rai, who served as the 11th Comptroller and Auditor General of India, and the chairman of the UN Panel of External Auditors. Mr. Rai has been recognized for strengthening public sector accountability and his legacy includes setting high standards for financial management and improvements in governance practices.
The Search Committee includes the following members:
- Fergal Costello, Ireland, Principal, Department of Public Expenditure;
- Assietou Sylla Diouf, Togo, Global Managing Director, Integrate Health;
- Davit Gamkrelidze, Georgia, Head of the State Treasury; and
- Heather Taylor, Canada, EY Partner, Climate Change & Sustainability Services.
The Search Committee will start its work in early September and plans to issue its Call for Applications for the next IPSASB Chair by mid-November 2024.
Mr. Rai, Search Committee Chair: “Strengthening the public sector to ensure sustainable and strong economic growth is my lifelong passion and career. I am honored by the opportunity to lead the search for this key position working with such esteemed colleagues from around the globe.”
Jon Blondal, PIC Co-Chair: “The standards promulgated by the IPSASB have contributed greatly to the advancement of accrual accounting and modernizing public financial management around the world. We look forward to the work of the Search Committee in identifying the next Chair of the IPSASB.”
Lee White, IFAC Chief Executive Officer: “With the timely broadening of the IPSASB's scope to include sustainability reporting, the IPSASB's next chair will be vital in continuing this development, which IFAC strongly supports. IPSASB's standards are crucial to effective public sector financial management and strong and sustainable public sector organizations. I am confident that the independent Search Committee, led by Mr. Rai, will find a strong Chair to continue the legacy built by Mr. Carruthers and his predecessors.”
About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in more than 135 jurisdictions, representing millions of professional accountants in public practice, education, government service, industry, and commerce.
About the Public Interest Committee
The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.
About the IPSASB
The International Public Sector Accounting Standards Board® (IPSASB®) works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards™ (IPSAS®) and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS and the benefits of accrual adoption. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, the government of Canada, and The World Bank. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org.