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
Director, Stevenson McGregor (2024-)
Director, SAR Accg Advisory Pty Ltd (2024-)
Partner, PricewaterhouseCoopers (2009 – 2024), Sean was a partner of PwC’s specialist accounting advisory practice working initially in Melbourne and then in Sydney across this time.
Related positions:
(i) Director, PricewaterhouseCoopers (2007 – 2009), Prior to becoming a partner, Sean had moved to Melbourne and was appointed as a Director in the specialist accounting advisory practice.
(ii) Staff, PricewaterhouseCoopers (1995 – 2007), prior to joining the specialist accounting advisory practice, Sean was a staff member in the audit division, engaged on the audits of Australian listed companies, Australian subsidiaries of multi-nationals and US listed entities, completing audits under both Australian auditing standards and US auditing standards including PCAOB requirements.
(iii) Member, Australian Accounting Standards Board (AASB) advisory panel on Service Concession Arrangements: Grantors, and Fair Value measurement for not-for-profit Public Sector Entities.
1. Deeply experienced:
(a) provision of technical accounting advice and support on complex transactions and financial reporitng matters;
(b) deep experience in public sector reporting requirements including application of accounting standards in not-for-profit settings, and GFS reporting requirements.
2. Working closely with finance teams to provide pragmatic advice and create solutions for complex issues, including post transaction implementation, financial reporting matters, development and application of accounting policies and procedures.
3. Recognised for technical expertise in a wide range of accounting issues. Topical expertise includes - Public sector and NFP accounting, business combinations, accounting in the extractive industries, accounting structured finance and entities, revenue recognition and lease accounting. Sean was the lead partner in PwC Australia responsible for assisting clients with the transition to the new leasing standard (AASB 16).
4. Specialist in providing accounting advisory services to businesses undertaking complex transactions or dealing with new accounting standards. Recent projects have focussed on balance sheet implications to the sale of asset portfolios to structured vehicles and the complexity around renewables projects.
5. Significant experience in accounting for large infrastructure projects including evaluation of bid models, considering specific structuring solutions for projects and accounting consequences for bidder consortium and Government, and considering the linkage between presentation of accounting treatment in financial reports and the impact on borrowing head room and credit ratings. Recent projects focussing on PPP transactions and privatisations.
6. Provision of advice on selection and implementation of financial reporting solutions including lease accounting software, and automating last mile reporting (eg statutory financial statements and other compliance reporting requirements).
1. Education: Bachelor of Economics (Accounting and Finance) (Macquarie University)
2. Professional Qualifications: Member of Chartered Accountants of Australia and New Zealand.