An Interview with Sir David Tweedie: Reflections on Ten Years as the IASB’s First Chair

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Journal of International Financial Management and Accounting


In a prior paper published in the Journal of International Financial Management and Accounting, Donna Street (2002) focused on a March 28, 2001 interview where Sir David Tweedie reflected on his outlook for the International Accounting Standards Board (IASB) and his forthcoming role as the Board’s first Chair. During a May 21, 2013 inter- view, Sir David and I met again. This time, Sir David looked back on his ten years as the IASB’s first Chair.

The interview, summarized in this paper, began with a discussion of the Board’s greatest achievements and Sir David’s biggest regrets. We went on to discuss a range of issues including the benefits of IFRS adoption, changes to the IFRS constitution, working with national accounting standard setters, IASB board composition, IFRS endorsement models, the IASB standing its ground in the face of lobbying and the consequences of compromise, convergence including the US GAAP convergence project, the failure of the U.S. to adopt IFRS and the challenge of IFRS enforcement. We also covered the unfinished Reporting Financial Performance Project and the importance of completing the more recent Framework project. Finally, Sir David discussed the role of the International Association for Accounting Education and Research (IAAER), the need for IASB to be informed by academic research and accounting education.

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