NEW YORK, Feb. 10, 2012 /PRNewswire/ -- James H. Quigley, Global CEO of Deloitte Touche Tohmatsu Limited (DTTL) between 2007 and 2011, has been appointed a Trustee of the International Financial Reporting Standards (IFRS) Foundation, the oversight body of the International Accounting Standards Board (IASB).  The appointment begins immediately and will expire on 31 December 2014. The term is renewable once.

The IFRS Foundation, through the IASB, is committed to developing, in the public interest, a single set of high-quality, global accounting standards that require transparent and comparable information in general purpose financial statements. The Trustees of the IFRS Foundation promote the work of the IASB and the rigorous application of IFRS.

Commenting on his appointment, Quigley said, "I am honored to be invited to serve as an IFRS Foundation Trustee. The support for International Financial Reporting Standards depends in part on the rigorous due process applied in their development, and the Trustees play a significant role in ensuring that the IASB's due process is applied diligently.

"I look forward to working with Michel Prada and my fellow Trustees in what I expect will be a challenging period for the organization. I share the hope of many that the United States and Japan advance the incorporation of IFRS into their respective financial reporting requirements."

Barry Salzberg, Global CEO of DTTL, added, "Jim's appointment to the IFRS Foundation is testament to his passion for high-quality financial reporting and his long record of service at the highest levels of international business. Jim has a unique appreciation of the global business environment, having served in several senior leadership roles at Deloitte and seen the issues first-hand in a variety of jurisdictions. I believe that this appointment reflects the eminence that the Deloitte network has achieved in the world of IFRS."

Throughout his 37-year career with the Deloitte organization, Quigley has held numerous leadership positions and built a distinguished track record of service to many multinational clients. Currently, he is a senior partner at Deloitte LLP in the United States and an important contributor to theory, research, and practice in the field of leadership and leadership development. In his current role, Quigley is committed to helping advance the mission of the Deloitte Center for Strategic Leadership (DCSL): to understand, define, and advance the knowledge and standard of collective leadership in both private and public sectors.

Quigley is also the co-author of As One: Individual Action, Collective Power (2011), a best-selling book that addresses the leadership challenge of creating environments that inspire large groups to work together toward a common goal.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's approximately 182,000 professionals are committed to becoming the standard of excellence.

SOURCE Deloitte Touche Tohmatsu Limited

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