The Public Interest Oversight Board has reappointed Arnold Schilder to a third three-year term as chairman of the International Auditing and Assurance Standards Board (IAASB), beginning on Jan.1, 2015.

The IAASB develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board (PIOB), which oversees the activities of both the IAASB and the IAASB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAASB are facilitated by the International Federation of Accountants. 

As chairman, Schilder will continue to lead the IAASB as it works to set international auditing, assurance, and related services standards. Currently, 90 jurisdictions around the world use, or in the process of adopting or incorporating, International Standards on Auditing (ISAs).

Additionally, Schilder will steer the board into the future as it works to enhance public confidence in financial reporting. Part of this agenda includes the IAASB's proposals for significant changes to the content of the auditor's report and considering the results of the implementation reviews of the ISAs. Also, the IAASB will closely monitor new developments, such as integrated reporting, and their implications for assurance and related services standards.

From 1998 to 2008, Schilder was a member of the managing board of the Dutch Central Bank, where he was responsible in particular for banking regulation and supervision. He served as the chairman of the Basel Committee on Banking Supervision's Accounting Task Force from 1999 to 2006, and from 2005 to 2008 as a member of the PIOB. During 1994 and 1995 he served also as president of Royal NIVRA (now Nederlandse Beroepsorganisatie van Accountants).

From 1988 to 2009, Schilder served as part-time professor of auditing at the Universities of Amsterdam and Maastricht. Earlier in his career, he worked with PwC.