10 April 2002

Commerce Minister Paul Swain announced today that Susan Sheldon of Christchurch has been appointed as a member of the Accounting Standards Review Board for a five-year term from 1 April 2002. The Accounting Standards Review Board is the sole approval body for financial reporting standards in New Zealand.

“As a practitioner in a public practice Mrs Sheldon works closely with the financial reporting requirements of small and medium entities. She is familiar with the application of standards to large publicly accountable entities through her company directorships and chairmanship of the Meridian Energy Audit Committee. This experience will allow Mrs Sheldon to make a valuable contribution to the ASRB” Paul Swain said.

Mrs Sheldon is a partner in Christchurch accountancy firm Crichton Horne & Associates. She is experienced in standard setting in the areas of auditing standards, and professional engagement standards and ethics. She holds a number of board appointments including Deputy Chair of Meridian Energy Ltd and Christchurch International Airport Ltd and directorships of Advanced Business Education Ltd and FibreTech New Zealand Ltd.

Mrs Sheldon has recently served a one-year term as President of the Institute of Chartered Accountants of New Zealand, having been elected to its Council in 1993. She previously advised the Officers of Parliament Committee on the application of parts of the Public Audit Act 2001 to the Office of the Auditor General.

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