PwC global leader calls time…
Spice appointed KPMG CFO…
Deloitte names IFRS insurance leader…
US releases IFRS road map…
PwC global leader calls time
Samuel DiPiazza is to stand down as global chief executive of
PricewaterhouseCoopers (PwC) after seven years in the role.
DiPiazza said: “With our new network organisation and leadership
structure in place I felt the time was right to begin the process
of handing over to new leaders. I have been extremely proud to
serve as global CEO of PwC for the last seven years. We have
achieved a great deal, often in challenging times, cementing PwC’s
position as market leader and developing the right strategy for
A PwC veteran of 35 years, DiPiazza said he will continue to
work closely with colleagues to ensure there is a smooth transition
to new leadership.
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Spice appointed KPMG CFO
Helen Spice, 44, has been promoted to chief financial officer of
KPMG International. Spice has 23 years of experience at the
network. She began at KPMG UK and has held senior positions in the
Europe, Middle East, Africa and India regions. Recently, Spice was
part of KPMG’s international leadership team. She will relocate to
Toronto, Canada, and report to KPMG International chief executive
US releases IFRS road map
The US Securities and Exchange Commission (SEC) has released its
long-awaited road map proposing the use of IFRS by US issuers. The
165-page proposal, which was initially announced in August,
provides more detail on moving the world’s largest economy from the
use of US GAAP to the international accounting standards by 2014.
The SEC said it would make a decision in 2011 on whether to proceed
with mandatory adoption for all companies. As many as 110
qualifying companies could opt to begin using IFRS in fiscal years
ending after 15 December 2009 – estimated to be about 14 percent of
US market capitalisation.
Deloitte names IFRS insurance leader
Deloitte UK partner Francesco Nagari is to lead the firm’s IFRS
insurance practice globally. Deloitte UK insurance leader Mark
FitzPatrick noted that the insurance industry had not been
significantly affected by IFRS to date but this is about to change
and would create a significant demand for accounting.