IASB Appoints Mary Tokar as One of its Members

The IFRS Foundation trustees’ has announced that it has appointed Mary Tokar as an IASB member for the period ending 30^th June 2017. Tokar would be joining the International Accounting Standards Board in the month of January in 2013.

Tokar is an immensely respected personality in the area of international financial reporting. Tokar has also served for over ten years as the leader of International Financial Reporting Group of KPMG. She has been at the forefront of the dialogue process that has been taking place between the global standard setting and accounting regulatory communities.

Mary Tokar also has a vast amount of experience in IFRSs application in both emerging as well as developing economies since she worked with KPMG teams as well as with customers across the globe and helped them both transition to and apply International Financial Reporting Standards.

She has also played a key role as the IFRS Interpretations Committee member between 2001 as well as 2007 and is a global leader of KPMG in the areas of share based payments and employee advantages.

Prior to this, Mary Tokar also served the SEC in the office of the Chief Accountant as a senior associate chief accountant. During her stint with Securities and Exchange Commission, she worked as a representative of SEC for matters pertaining to global accounting procedures. She was also the chairperson of a committee of securities regulators that worked on accounting as well as disclosure matters for the IOSCO.

Mary did her graduation from the Williams College and also acquired an MBA degree from the Stern School of Business, which is affiliated to the New York University. In addition to this, she is also a certified public accountant.

When contact regarding the appointment of Mary Tokar, Hans Hoogervrost, IASB’s Chairman stated that she brings a lot of experience with regard to implementation of the International Financial Reporting Standards across the globe. He also mentioned that Mary’s appointment in place of Paul Pacter is essentially a good move.

Pacter will retire as the member of the International Accounting Standards Board by the end of 2012.

On the other hand, Mary Tokar mentioned that she is looking forward to give a proper shape to the future of accounting and reporting standards and will support those economies that are yet to adopt IFRS in transitioning to IFRS easily.