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Sir David Tweedie to become president of ICAS

Apr 05, 2012

Sir David Tweedie, former chairman of the UK Accounting Standards Board and IASB, will begin a one-year term as president of The Institute of Chartered Accountants of Scotland (ICAS) on 20 April 2012.

Sir David will continue his work to improve financial reporting with the ICAS. He has noted the need for increased transparency and clearer communication to restore confidence and trust in business and in the accounting profession. Sir David also noted that there is a need for principle-based accounting standards and a focus on the tone at the top, stating the following:

Under today's spotlight that tone at the top needs to be even more visibly evident; with values and integrity literally dripping through an organisation. Organisations and individuals that push ethical considerations to the heart of their strategies will stand a better chance of sustaining success over the long term.

Click for press release (link to ICAS website).