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Patricia O'Malley will become IFRIC Co-ordinator

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30 Mar 2007

From 1 July 2007, Patricia O'Malley will become the IFRIC Co-ordinator.

She retires as a member of the IASB on 30 June. Ms O'Malley will replace the current IFRIC Co-ordinator Allan Cook, who is retiring. IFRIC's role is to "interpret the application of International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs) and provide timely guidance on financial reporting issues not specifically addressed in IASs and IFRSs, in the context of the IASB Framework". The Co-ordinator is the senior staff person for IFRIC.

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