Mr. Richard Mifsud (2016)

Mr. Richard Mifsud was the Executive Director of the Australian Auditing and Assurance Standards Board (AUASB) from November 2004 to July 2016; following the reconstitution of the AUASB as a statutory board of the Australian Government. In this position, he oversaw the transition and revision of Australian Auditing Standards from being formerly professional pronouncements to the now codified statutory requirements under the Corporations Act.

Mr. Mifsud also has significant global experience gained over 14 years, through his immediate past involvement with the International Auditing and Assurance Standards Board (IAASB), as technical adviser to that Board.

Mr. Mifsud was previously the Executive Director of the Australian Accounting Research Foundation (AARF) from late 2000, after having earlier joined that organisation as a Senior Project Director in February 1998, with responsibility for auditing standards and legislation review. Prior to this, he was the Technical Director of the Victorian Auditor-General’s Office for nearly nine years. Earlier in his career, Richard had also worked as a tutor at Monash University in Melbourne for several years, and afterwards joined the corporate accounting department of BHP Ltd.

Mr. Mifsud’s areas of professional interest include auditing and assurance, external reporting, corporate governance and corporate law. He is fluent in four languages and has travelled extensively abroad. He is currently an independent consultant and adviser on auditing, assurance, and corporate governance matters. He has over 30 years’ experience in these areas, gained from senior executive positions spanning a range of sectors, including the Australian accounting profession, the Victorian Government and the Australian Government.

Mr. Mifsud holds the degrees of Bachelor of Commerce (Honours) and Master of Commercial Law from The University of Melbourne. He was awarded the University’s Melbourne Chamber of Commerce Exhibition for his studies Industrial Economics in 1982. He is a Fellow of both CPA Australia and The Institute of Chartered Accountants in Australia and is also a Member of the Australian Institute of Company Directors.

The Institute of Certified Management Accountants is honoured to induct Mr Richard Mifsud to the Global Accounting Hall of Fame® for his services to the profession in Australia.

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