Introduction of new IFRIC members
The chairman began the meeting with an introduction of the two new IFRIC members that were appointed due to the increase of IFRIC from 12 to 14 members (a constitutional change approved by the IASCF trustees in November 2007).
The new IFRIC members are:
- Margaret M. (Peggy) Smyth, Vice President, Controller, United Technologies Corp., United States
- Scott Taub, Managing Director, Financial Reporting Advisors, LLC, United States, and former Acting Chief Accountant and Deputy Chief Accountant, US Securities and Exchange Commission.