14 December 2006

Prof Fawzi Laswad reappointed to ASRB

Commerce Minister Lianne Dalziel has announced the reappointment of Professor Fawzi Laswad as a member of the Accounting Standards Review Board for a second term of three years commencing 17 February 2007.

Professor Laswad brings his academic, research and professional body association knowledge and perspectives to the ASRB’s deliberations. He is the Head of the School of Accountancy at Massey University’s three campuses (Palmerston North, Auckland and Wellington) and previously worked at both Lincoln and Victoria universities. He is involved in many professional activities through the New Zealand Institute of Chartered Accountants. He has also served as president (NZ) of the Accounting and Finance Association of Australia and New Zealand. His research has a particular focus on financial reporting.

Background to Accounting Standards Review Board (ASRB)

The ASRB, established under the Financial Reporting Act 1993, is an independent Crown entity. Its main function is to review and, if it thinks fit, approve any financial reporting standard or amendment submitted to it. The Act is currently being reviewed. For information on the review see http://www.med.govt.nz/templates/ContentTopicSummary____11011.aspx

The ASRB consists of not less than four and not more than seven members appointed by the Governor-General on the recommendation of the Minister of Commerce. When considering appointments, the Act requires the responsible Minister to recommend candidates who have knowledge of, or experience in, business, accounting, finance, economics or law.

For further information on the ASRB see www.asrb.co.nz

ENDS

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