Alan Chapman, Associate Director at Grant Thornton, has been appointed to the European Financial Reporting Advisory Group. In the role, Chapman provides technical advisory on issues related to financial instrument reporting.
The European Financial Reporting Advisory Group (EFRAG) is a private association set up in 2001 to serve the public interest. The organisation, whose formation was encouraged by the European Commission, has as its mission, the “develop and promote European views in a thought leadership role and to ensure that they are properly taken into account in the IASB [International Accounting Standards Board] standard setting process.” Members of the organisation include a range of European stakeholders, International Financial Reporting Standards (IFRS) and National Organisations that have an interest in how IFRS are developed and how they contribute to the efficiency of capital markets.
Alan Chapman is an Associate Director at Grant Thornton, and has been, since 2014, the Head of Financial Instruments Reporting at the firm. Previously, from 2004, Chapman worked as a (Senior) Manager in the firm’s National Technical team, specialised in financial instruments, covering both IFRS and UK GAAP. Previously he was an Audit Manager at the firm. Chapman holds a Bachelor of Science in Accountancy and Computer Science from the University of Dundee and is a ICAS Chartered accountant.
Chapman has been appointed to the EFRAG’s Financial Instruments Working Group. The group is charged with advising EFRAG’s Technical Expert Group on issues related to financial instrument reporting.
Commenting on his appointment, Alan Chapman says, "It is a privilege to be appointed to the EFRAG Financial Instruments Working Group. Financial instruments reporting can be a diverse and high risk area and the specialist knowledge provided by the Group on this, and on other IFRS issues and practises, is vital. I look forward to working with them and sharing my expertise in this complex, high profile space.”