David Tweedie (accountant)
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Sir David Philip Tweedie (born 7 July 1944) is a British accountant. He is the former chairman of the
International Accounting Standards Board The International Accounting Standards Board (IASB) is the independent accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee (IASC). ...
(2001-2011) and the ninetieth member of The Accounting Hall of Fame.


Career

Born in
Newcastle-Upon-Tyne Newcastle upon Tyne, or simply Newcastle ( , Received Pronunciation, RP: ), is a City status in the United Kingdom, cathedral city and metropolitan borough in Tyne and Wear, England. It is England's northernmost metropolitan borough, located o ...
, Tweedie graduated with a
BCom A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. The degree is mainly offered in Commonwealth nations. Structure Bachelor of Commerce The Bach ...
followed by a
PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
in 1969 from the University of Edinburgh Management School, and is currently a visiting professor.Sir David Tweedie
''Accountancy Age'', 11 Nov 2004
He then trained as a Chartered Accountant with Mann Judd Gordon & Co, qualifying in 1972. He lectured at his
alma mater Alma mater (; : almae matres) is an allegorical Latin phrase meaning "nourishing mother". It personifies a school that a person has attended or graduated from. The term is related to ''alumnus'', literally meaning 'nursling', which describes a sc ...
from 1973 to 1978, then became the technical director of the
Institute of Chartered Accountants of Scotland The Institute of Chartered Accountants of Scotland (ICAS) is the world's first professional body of Chartered Accountants (CAs).{{Citation needed, date=November 2023 ICAS act as a voice of the professional business community. Although other Brit ...
(ICAS) until 1981.Sir David Tweedie, IASB chairman
''Financial Director'' magazine, 26 March 2008
In 1982 he moved to a large firm of accountants, KMG Thomson McLintock, where he was national research partner. When KMG merged with Peat Marwick International to form accounting giant
KPMG KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 emplo ...
in 1987, he became its national technical partner. From 1990 to 2000 Tweedie served as the full-time chairman of the Accounting Standards Board. Then in 2001 he was appointed as the initial Chairman of the
International Accounting Standards Board The International Accounting Standards Board (IASB) is the independent accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee (IASC). ...
. He retained the role for a decade, through the
2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
, and stood down in June 2011, succeeded by
Hans Hoogervorst Johannes Franciscus "Hans" Hoogervorst (born 19 April 1956) is a retired Dutch politician of the People's Party for Freedom and Democracy (VVD) and economist. He is the former chairman of the International Accounting Standards Board (IASB) from ...
. He has been nominated as President of ICAS, an honorary position, for 2012.Tweedie lined up for top role at Icas in 2012
''
The Scotsman ''The Scotsman'' is a Scottish compact (newspaper), compact newspaper and daily news website headquartered in Edinburgh. First established as a radical political paper in 1817, it began daily publication in 1855 and remained a broadsheet until ...
'', 7 January 2010
In September 2012 he was appointed as Chairman of the Board of Trustees of the
International Valuation Standards Council The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international tech ...
Tweedie was appointed
Commander of the Royal Victorian Order The Royal Victorian Order () is a dynastic order of knighthood established in 1896 by Queen Victoria. It recognises distinguished personal service to the monarch, members of the royal family, or to any viceroy or senior representative of the ...
(CVO) in the
2020 Birthday Honours The Queen's Birthday Honours for 2020 are appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded ...
for services to the Royal Household, as chairman of the audit, risk and compliance committee.


Awards

*
Knighted A knight is a person granted an honorary title of a knighthood by a head of state (including the pope) or representative for service to the monarch, the church, or the country, especially in a military capacity. The concept of a knighthood ...
1994 *Honorary degrees from at least seven UK universities **Including Honorary Doctorate from
Heriot-Watt University Heriot-Watt University () is a public research university based in Edinburgh, Scotland. It was established in 1821 as the School of Arts of Edinburgh, the world's first mechanics' institute, and was subsequently granted university status by roya ...
in 1996 *
ICAEW The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organisation that promotes, develops and supports chartered accountants and students around the world. As of December 2024, it has over 210,000 memb ...
's Founding Societies Centenary Award, 1997 * CIMA Award 1998 *''
Accountancy Age ''Accountancy Age'' is an online trade publication for accountants and financial staff in the United Kingdom. After running from 1969 to 2011 with a circulation of over 60,000 in print, it changed with effect from May 2011 to an online-only publi ...
'' Personality of the Year 2004 and Award for Outstanding Contribution to the Profession * ICAS Vice-President 2011 * The ninetieth member of The Accounting Hall of Fame, 2013


Private life

David Tweedie lives in
North Berwick North Berwick (; ) is a seaside resort, seaside town and former royal burgh in East Lothian, Scotland. It is situated on the south shore of the Firth of Forth, approximately east-northeast of Edinburgh. North Berwick became a fashionable holi ...
with his wife. They have two sons.Jill Treanor
Calvinist on a clean-up quest
''The Guardian'', 29 June 2002


See also

*
International Valuation Standards The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international techn ...
*
International Financial Reporting Standards International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's fi ...


References


External links


IASB Chairman
- Sir David Tweedie's profile at the IASB {{DEFAULTSORT:Tweedie, David 1944 births Living people People from Newcastle upon Tyne Alumni of the University of Edinburgh Business School Scottish accountants International Accounting Standards Board members Knights Bachelor Commanders of the Royal Victorian Order Fellows_of_the_Royal_Society_of_Edinburgh