• 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

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    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.