FIFA Appoints New Auditor, Names Chief Compliance Officer
September 16, 2016
(WFI) PwC Switzerland are the new statutory auditors for FIFA.
The governing body for world football has been looking for an auditor since June, when KPMG decided to cut ties with FIFA after more than a decade.
FIFA President Gianni Infantino, in a statement on Friday, said “We are delighted to have appointed PwC, and we look forward to working with them as FIFA moves forward with its program of reforms”.
FIFA says the appointment of PwC was the result “of a thorough, transparent and open selection process conducted by FIFA with several different auditing companies.”
PwC’s appointment could conceivably last only until the next FIFA Congress in May of next year. By FIFA statutes, it is up to the Congress to decide which firm will be FIFA’s statutory auditors for a full three-year period.
FIFA also announced on Friday that Edward Hanover would be the organization’s first Chief Compliance Officer.
The position was born out of the reform package approved by the FIFA Congress in February.
Hanover will be reporting to FIFA Secretary General Fatma Samoura. FIFA says he will work closely with the Legal & Integrity Division. His first day will be Oct. 1.
Hanover is described by FIFA in a statement as “an experienced international compliance executive”. He joins FIFA from Takeda Pharmaceuticals International in Singapore, where he served as Head of Compliance for Emerging Markets. He has previously worked in the United States, Europe and Asia with multinational pharmaceutical corporations.
By INSIDER Gerard Farek
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