Director –Stevenson McGregor (1999-2002, 2014-)
Enterprise Professor – Accounting (2017-) Department of Accounting, Faculty of Business & Economics, University of Melbourne (60% fractional appt)
Professorial Fellow, Department of Accounting, Faculty of Business & Economics, University of Melbourne (2015-2017) (60% fractional apt)
Chairman and CEO, Australian Accounting Standards Board (AASB) (2009-14)*
Related positions:
(i) Member, Financial Reporting Council (FRC)
(ii) Member, New Zealand Accounting Standards Board (NZASB)
(iii) Member (and elected Vice Chairman and Chairman, Asia Oceania Standard Setters Group (AOSSG), 2010-2013)
(iv) Inaugural member, Accounting Standards Advisory Forum (ASAF) of IASB
(v) Member, International Public Sector Accounting Standards Board (IPSASB) advisory panel on conceptual framework
*(AASB Chair & CEO: Independent Statutory Officer, full time, tier 1 of Australian Public Service. Appointed by Commonwealth Treasurer (with approval of Prime Minister and Cabinet). Term: 5 years non-renewable. Term ended 30 June 2014).
(i) Senior Partner. PwC Global Capital Markets Group Melbourne (2005-09).
(ii) National Technical Partner, Coopers & Lybrand and PwC (1989- 1999).
(iii) Joint Founding Director, Stevenson McGregor (1999-2002).
(iv) Director, Australian Accounting Research Foundation (1980-89)
1. Deeply experienced:
(a) in the independent setting of accounting standards domestically (AASB) and internationally (IASB);
(b) as a senior technical partner (Stevenson McGregor, PwC, Coopers & Lybrand).
2. Experienced in creating or rebuilding technical functions in a large firm, own firm and in standard-setting, as well as in the academe;
3. Recognised for technical expertise in a wide range of accounting issues. Topical expertise includes - IFRS vs US GAAP, conceptual frameworks, public sector and NFP accounting, measurement, business combinations, foreign currency translation, accounting in the extractive industries, accounting structured finance and entities, revenue recognition and lease accounting.
4. Experienced in litigation support.
5. Significantly experienced in financial reporting across the various sectors, including the public and not-for-profit private sectors.
6. Very well known to international and regional standard-setters and regulators (including the IASB (international), FASB (US), SEC (US), EFRAG (Europe), ASBJ (Japan), KASB (Korea), CSRC and MOF (China)).
7. Has worked as a consultant (eg for ADB and AusAid) in capacity building in Nepal (development of professional body and standards), Thailand (public sector accounting) and Brunei (IFRS training).
1. Member in the General Division of the Order of Australia (AM). 2015
2. Inducted member of the Australian Accounting Hall of Fame (The Hall is hosted by the University of Melbourne and sponsored by CPA Australia and ICAA). For contribution to standard-setting.
3. In September 2001, awarded Institute of Chartered Accountants in Australia Meritorious Service Award. Conferred July 2002 (London). For contribution to practice.
4. In December 1989 described as “Accountant of the Decade” by the Australian Financial Review’s Chanticleer. For contribution to standard-setting.
5. In 1988, Business Review Weekly’s Accountant of the Year. For contribution to standard-setting.
1. Education: B.Com. MBA (University of Melbourne)
2. Member of the General Division of the Order of Australia
3. Professional Qualifications: Fellow of both Chartered Accountants of Australia and New Zealand and CPA Australia.
Email: kevinstevenson@stevensonmcgregor.com
1. Consultant, PricewaterhouseCoopers (2011-)
2. Director, Stevenson McGregor (1999-2001, 2014-)
3. Adjunct Professor, Department of Accounting and Finance, Monash University (2007-)
1. Independent Financial Reporting Consultant (2011-15)
2. Inaugural Member International Accounting Standards Board (IASB), (2001-11)
Related positions:
(i) Chairman, IASB Strategy Committee (2002-2011)
(ii) Chairman, IASB Insurance Working Group (2004 -2011)
(iii) Chairman, IASB Leases Working Group (2006-2010)
(iv) Chairman IASB annual World Standard Setters meetings (2002-2010)
1. Joint Founding Director, Stevenson McGregor (1999-2001) 2. Chief Executive Officer, Australian Accounting Research Foundation (1989-99)
1. Deeply experienced:
(i) in the independent setting of accounting standards domestically (AASB) and internationally (IASB);
(ii) as a senior technical partner and senior consultant (Stevenson McGregor, PricewaterhouseCoopers (PwC)).
3. Recognised for technical expertise in a wide range of accounting issues. Topical expertise includes: IFRS vs US GAAP; conceptual frameworks; public sector and not-for-profit accounting; accounting measurement; business combinations; joint arrangements; revenue recognition; lease accounting; and, insurance accounting.
4. Significantly experienced in financial reporting across the various sectors, including the public and not-for-profit private sectors
5. Very well known to international and regional standard-setters and regulators (including the IASB (international), FASB (US), SEC (US), EFRAG (Europe), ASBJ (Japan), KASB (Korea), CSRC and MOF (China)).
1. Education: B. Ec. (Hons), Dip. Ed., M. Ec. (Monash University)
2. Professional Qualifications - Fellow of:
(i) Chartered Accountants Australia and New Zealand
(ii) CPA Australia
(iii) Institute of Public Accountants
Inducted into the Australian Accounting Hall of Fame 15 March 2017