BLOOMINGTON, Ind. – Leslie Hodder, a professor of accounting at the Indiana University Kelley School of Business, has been appointed by International Financial Reporting Standards Foundation to its advisory board.
The IFRS Foundation is responsible for the oversight and governance of the International Accounting Standards Board. The council advises IFRS Foundation trustees and the IASB on strategic and technical matters. It includes representatives from more than 40 groups worldwide that are affected by and interested in financial reporting.
It helps set standards for analysts, auditors, investors, preparers, professional accounting bodies, regulators and standard-setters. Her three-year appointment takes effect on Jan. 1.
“This council is a group of highly regarded international practitioners, scholars, analysts, standard setters, regulators,” said Jim M. Wahlen, professor and chair of accounting and the James R. Hodge Chair of Excellence at Kelley. “Our department has long been known for research contributions and support for the standard setting process and the standard setting boards. That support will continue to grow, with Professor Hodder’s appointment.”
Others being appointed included representatives of the European Central Bank, Bayer, the International Actuarial Association, S&P Global Ratings and the International Association of Insurance Supervisors.
Hodder, pictured left and who also holds the title of Conrad Prebys Professor, joined the Kelley faculty in 2003 after teaching at Stanford University. She has taught at every degree level at the Kelley School of Business, including in its acclaimed 3/2 Graduate Accounting Program, MBA and Ph.D. programs. She received tenure in 2008.
Her expertise includes risk management and disclosure, measurement issues in accounting, options and other financial instruments and financial institutions.
Hodder said she looks forward to playing a role in setting further standards for the international accounting profession, helping it to be responsive to future challenges and needs.
“The growth of economies around the world relies on the free flow of capital and transactions. As these transactions are increasingly high-frequency and complex, high quality accounting standards are required to bring transparency, accountability and efficiency to our product and capital markets,” she said. “I am honored to be part of the standard-setting process and view it as a culmination of a lifetime of preparation and dedication to the field of accounting that began when I used to wait after school for my father in the office of his local CPA practice.”
She also appreciates how this experience may shape what she teaches in the classroom and in her professional interactions with faculty colleagues.
“The Kelley School’s global business focus, beginning with the Global Foundations Core is premised on the truth that economies can neither survive or thrive in isolation. This experience will help me to share with students a successful model for global cooperation and governance, as well as illustrate tangible economic benefits that arise from such cooperation,” Hodder said.
“Standards are the outgrowth of cultural and legal systems that differ widely around the world, and there is no single right answer to the questions posed by regulation,” she added. “For this reason, standard-setting requires listening as much as talking, and I think this insight can provide useful modeling for students honing their own leadership skills at the Kelley School of Business.”