• Register
Return to: Home > News > Regulation > Big Four dominate EFRAG Technical Expert Group appointments

Big Four dominate EFRAG Technical Expert Group appointments

The European Financial Reporting Advisory Group (EFRAG) board has made the last three appointments to its Technical Expert Group (TEG) which took office on 1 April 2015, confirming a heavy presence of Big Four staff in the TEG.

EFRAG TEG provides the board with technical advice and counts a maximum of 16 members which at least four are nominated by the standard setters of France, Germany, Italy and the UK.

The EFRAG board announced most of the new appointments at the end of 2014, but made three last appointments at the end of March.

The last three members to be appointed are: ThyssenKrupp AG head of corporate centre accounting & financial reporting Heinz Hense, EY Italy partner Ambrogio Virgilio and Deloitte London IFRS centre of excellence partner Andrew Spooner.

While Hense and Virgilio appointments are immediate, Spooner will only take office on 1 June 2015 replacing Joanna Frykowska, an executive director at EY who will step down from her role at EFRAG TEG.

The new EFRAG TEG team is made of 12 members, five of which come from the Big Four, two from mid-tier practices, four from industry and one academic.

As of 1 April the EFRAG members are:

  • Françoise Flores (France), former partner at Mazars - chairman
  • Mike Ashley (UK), former KPMG Europe head of risk management and current chair of the audit committee of Barclays PLc - vice- chairman
  • Phil Aspin (UK), deputy treasurer at United Utilities Group
  • Christian Chiarasini (France), senior advisor to EY since his retirement from EY partnership in July 2013
  • Geert Ewalts (the Netherlands), head of IFRS policies at Aegon NV
  • Günther Gebhardt (Germany), academic at Wolfgang Goethe University
  • Joanna Frykowska (Poland), EY executive director - she will be replaced on 1 June 2015 by Andrew Spooner (UK), Deloitte partner
  • Nicklas Grip (Sweden), senior vice-president of group finance at Svenska Handelsbanken
  • Heinz Hense (Germany), head of corporate centre accounting & financial reporting at ThyssenKrupp AG
  • Serge Pattyn (Belgium), partner at Emerio
  • Andrea Toselli (Italy), national technical partner at PwC Italy
  • Ambrogio Virgilio (Itlay), EY partner

Top Content

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.