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External Reporting Board appointments announced

Hon Jacqui Dean
Minister of Commerce and Consumer Affairs

27 February 2017 Media Statement

External Reporting Board appointments announced

Commerce and Consumer Affairs Minister Jacqui Dean has today announced that John Kensington, a Partner with KPMG, and Michael Bradbury, a Professor of Accounting at Massey University, have been appointed as members of the External Reporting Board (XRB) for a five-year term.

“I am pleased to welcome John and Michael to the XRB. They are both outstanding additions who will bring significant knowledge and experience to the Board,” says Ms Dean.

The Minister also appointed Bill Edge, Chair of the Australian Financial Reporting Council (FRC).

“I am pleased to announce the cross-appointment of Bill Edge,” says Ms Dean.

“Mr Edge brings to the board his experience in risk management, quality control and corporate governance. His appointment revives the cross-appointment arrangement between the FRC and XRB as there has been no Australian representative on the XRB for the past several years.”

“The External Reporting Board is responsible for setting the strategy for financial reporting in New Zealand, and issuing financial reporting standards and auditing and assurance standards,” says Ms Dean.

Note for Editors:
John Kensington
John Kensington is a Partner (Audit) with KPMG in Auckland, specialising in financial audit and audit-related services. He has 30 years’ experience in providing auditing and other services to the financial services industry, including insurance companies, banks, finance companies and funds. Mr Kensington is also the Deputy Chair of the New Zealand Audit and Assurance Standards Board.

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Michael Bradbury
Michael Bradbury is a Professor of Accounting at Massey University in Auckland. He specialises in corporate financial reporting, financial analysis, capital budgeting and the economics of auditing. He is actively involved in professional accounting bodies including the Accounting and Finance Association of Australia and New Zealand, Institute of Chartered Accountants of New Zealand, the Accounting Association of Australia and New Zealand, and the International Financial Reporting Standards Advisory Council.

Bill Edge
Bill Edge is a retired partner of PwC, having been a partner for 18 years. For the last eight years he led the PwC Australia Risk and Quality Group, which was responsible for risk management and quality control, including methodologies and technologies, across all of the firm's business units. He served on PwC's Global and Asian Risk and Quality Leadership Teams. He also spent six years leading the PwC Australian Professional Standards Group responsible for the firm's financial reporting and auditing policies and advice.

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