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September 24, 2009

Kreston International hires di

Sue AlmondKreston International has appointed Sue Almond as its director of quality and professional standards. Almond (pictured) joined Kreston on 1 September from Grant Thornton UK, where she was a national assurance services partner.

Kreston International executive director Jon Lisby said Almond will be responsible for strengthening Kreston’s global quality standards.

“[This] will support our capability to target, win and execute international assignments across the full service range and sustain our growing success in the marketplace of the branded mid-tier international accountancy groups,” he said.

At Grant Thornton, Almond led the development and implementation of the network’s audit methodology and tools. She provided practical support to audit teams on issues such as fair value, going concern in the current economic environment and the implementation of International Standards on Auditing (ISA).

She has been heavily involved with Grant Thornton International for more than 20 years, including acting as executive director of the international audit policy advisory committee. This commitee was responsible for establishing a global audit quality assurance programme, international centres of excellence for IFRS and developing the worldwide audit methodology.

“The move to Kreston is a really good opportunity,” Almond told the International Accounting Bulletin. “It’s at a slightly different stage of development to Grant Thornton and certainly one of the big attractions is the clear vision Kreston has got about where they want to go, where they want to be in the marketplace, and the kind of clients they want to service.

“Kreston has a clear vision built around quality and excellent client service. I am certain we can harness our considerable global resource and maximise Kreston’s full potential.”

Almond said her first task is to go out and meet member firms and enhance internal quality control systems with a longer-term view of developing worldwide methodologies.

She said she was drawn to Kreston International by the people she had met at member firms.

“I know some of the people in their UK firms and they are all good quality firms and have a really good reputation for quality,” Almond said.

Almond brings strong links with regulators and has played a role in the development of the audit profession in the UK, Europe and globally. She is deputy chairman of the Institute of Chartered Accountants in England and Wales’ (ICAEW) ISA implementation committee, an active member of several ICAEW audit panels and the World Economic Forum Partnering Against Corruption Initiative external assurance group working on bribery and corruption.

The appointment of a quality control director could indicate Kreston International is considering a change in strategy to become a network rather than remain an association.

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