The IFRS Foundation has appointed Nili Shah as Executive Technical Director, effective from October 2017.
The IFRS said Shah will lead the technical staff that support the International Accounting Standards Board (Board) and will be responsible for the coordination and delivery of all technical activities in line with priorities set out by the Board.
Shah has nearly two decades’ experience with IFRS Standards. As deputy chief accountant of the Division of Corporation Finance of the US Securities and Exchange Commission (SEC), she addressed technical accounting issues arising from the Division’s review of the approximately 500 SEC registrants that file financial statements prepared using IFRS Standards.
She has also provided feedback on the Board’s technical consultations and supported the SEC staff’s discussions on IFRS Standards within the International Organization of Securities Commission’s (IOSCO) accounting technical committee. Before joining the SEC, she served in the private sector, assisting European companies in their preparations to adopt IFRS Standards.
Ms Shah has led multiple cross-organisational teams to improve disclosures, identify emerging technical issues and develop policies to promote consistency and compliance. She also oversaw the technical accounting training programme for around 200 staff and was responsible for the Division of Corporation Finance’s preparation for adoption of the new revenue Standard.
Ms Shah worked for PwC in the UK and the US from 1996 to 2004.
Hans Hoogervorst, chairman of the Board, said: “Nili has been deeply involved in accounting standard-setting for almost two decades. She brings a wealth of relevant technical and organisational experience to the IFRS Foundation and will play a key role in delivering the Board’s work plan.”
Nili Shah, said:“I look forward to working with the Board members, the staff and the wider standard-setting community to help deliver on the Foundation’s mission.