Kinney Appointed to Influential
International Auditing Board
AUSTIN, Texas—William R. Kinney Jr. has been appointed to serve on the International Auditing and Assurance Standards Board (IAASB) for a three-year period beginning Jan. 1, 2007.
Kinney, the Charles and Elizabeth Prothro Regents Chair in Business and Price Waterhouse Fellow in Auditing in the Department of Accounting at the McCombs School of Business at The University of Texas at Austin, will work with IAASB members from around the world to enhance the quality and uniformity in the practice of global auditing.
“For many years Bill has been the leading academic accountant in both studying issues in auditing practice and in contributing to auditing standard setting and regulation,” said Ross Jennings, chair of the Department of Accounting at McCombs.
“He will bring a great deal of expertise to this new role as an international auditing standard setter at a time when the rapid growth of cross-border transactions and investing has made the need for improved international standards more important than ever. This appointment comes as no surprise to those of us who have worked with Professor Kinney on the McCombs Accounting faculty for nearly 20 years.”
The IAASB, an independent board within the International Federation of Accountants (IFAC), issues, under its own authority, International Standards on Auditing, which serve as the worldwide benchmarks for auditing standards. IFAC is dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is composed of 155 members and associates in 118 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce.
In addition to setting international auditing
and assurance standards through the IAASB, IFAC, through its
independent standard-setting boards, sets ethics, education and
public sector accounting standards. It also issues guidance to
encourage high quality performance by professional accountants in
business.
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