Theo Vermaak elected to chair the Forum of Firms
09 Dec 2014
PKF International's Regional Director - Africa, Theo Vermaak CA(SA), has been elected to one of the top leadership positions of the global accounting profession. From January 2015, Mr Vermaak will assume the role of Chair of the Forum of Firms (Forum).
Mr Vermaak was elected on the first ballot, "which says volumes for the very positive impression he has made while representing PKF in the past, both at Forum level and as a member of the Transnational Auditors Committee (TAC), which is the executive arm of the Forum" says global CEO of PKF International, John Sim. "This is a great honour both for Theo and for PKF, and the Forum's audit quality mandate fits well with our value proposition of Quality with Integrity."
The Forum of Firms was formally established in 2002 as an association of international networks of accounting firms that perform transnational audits. The objective of the Forum is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. The Forum brings together firms that perform transnational audits and involves them more closely with the activities of the International Federation of Accountants (IFAC) in audit and other assurance-related areas.
Currently, the Forum has 26 members.
Mr Vermaak also chairs the PKF International Professional Standards Committee (IPSC) and as such, has overall responsibility for the network's assurance services policies, procedures, training and support, and its global quality assurance function.
Supporting his candidature, Mr Vermaak has considerable international experience in the US, Europe and Africa. Prior to joining PKF International on a full-time basis in September 2013, he held the position of Director of Accounting and Auditing with PKF O'Connor Davies in New York, where he became an International Associate Member of the American Institute of Certified Public Accountants and Associate Member - New York State Society of Certified Public Accountants (NYSSCPA). He is also a former member of the NYSSCPA SEC Practice Committee.
Mr Vermaak has worked and lived in Kenya, Slovenia and Slovakia in addition to South Africa and the US, and has conducted training and seminars across the globe. His prior experience ranges from quality assurance and technical support to working in the treasury division of a large national bank. He established Converg Financial Training in 2003 in partnership with PKF South Africa, and today works closely with Converg on PKF International projects.
He is a member of the South African Institute of Chartered Accountants, serves on the ACCA Global Forum for Ethics, and has represented PKF International as a member of the Transnational Auditors Committee, a committee of IFAC and the Forum, from 2006 until end-2014, when he will vacate his seat to take up his duties as Forum chair.
For further information, contact:
Tel: +44 (0) 20 3691 2508
Chairman: International Professional Standards Committee
Tel: +44 (0) 20 3691 2521