Kelsall reappointed to auditing standards board
The Auditing and Assurance Standards Board (AUASB) has reappointed chair Merran Kelsall for a further three-year term.
Kelsall has been the part-time chair since 2004, and has overseen the restructuring of the AUASB under the Financial Management and Accountability Act 1997 and the redrafting of the suite of the Australian Auditing Standards that was released in June.
The AUASB is an independent, statutory agency, responsible for developing, issuing and maintaining auditing and assurance standards under the Australian Securities and Investments Commission Act 2001, and its standards are legally enforceable for audits or reviews of financial reports required under the Corporations Act 2001.
The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen, said the AUASB played a crucial role in ensuring Australia’s auditing framework remained first-class and congratulated Kelsall on her reappointment.
Kelsall originally qualified as a chartered accountant and practised in the profession for 20 years, 10 years of which were as a partner at accounting and advisory practice BDO.
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