Head, Centre for Financial Reporting Reform, The World Bank, Vienna
John Hegarty is the Head of the World Bank Office in Vienna, Austria and of the Bank's Centre for Financial Reporting Reform. He leads the Bank's activities and partnerships in the area of corporate sector accounting and auditing, and contributes to other Bank work on corporate governance, market regulation and the liberalization of international trade in professional services. He represents the World Bank on the Monitoring Group (Basel Committee, IOSCO, IAIS, FSF, European Commission, and the World Bank). He serves on the Consultative Advisory Groups to the International Auditing and Assurance Standards Board (IAASB) and International Ethics Standards Board for Accountants (IESBA), and is the World Bank observer at the International Forum of Independent Audit Regulators (IFIAR). He is also a member of the Advisory Group to the Prince of Wales Accounting for Sustainability Initiative.
John took up his current appointment in August 2007. Previously, he had been the Manager, Financial Management for the World Bank's Europe and Central Asia Region, based in Washington DC, and was responsible for fiduciary controls over Bank lending and for fostering the development of financial management capacity in the public and the private sectors.
Prior to joining the World Bank in August 1999, John Hegarty had been - since January 1987 - Secretary General of the Federation des Experts Comptables Europeens (FEE), the representative organisation for the accountancy profession in Europe. He served on the Boards of the European Policy Centre (Brussels) and the Centre for European Policy Studies (Brussels).
Born in Sligo, Ireland in 1958, John Hegarty was educated at Newbridge College and University College, Dublin, where he studied business administration. On graduation he joined the Dublin office of Arthur Andersen, and became a manager in the audit division. In 1981 he qualified as an Associate of the Institute of Chartered Accountants in Ireland, and in 1992 was admitted as a Fellow of that Institute. In 1984, he was appointed Technical Director of the Union Europeenne des Experts Comptables, Economiques et Financiers (UEC), based in Munich, Germany, which at the time was one of two organisations representing the accountancy profession in Europe. When, with effect from January 1, 1987, UEC merged with the other organisation the Groupe d Etudes des Experts Comptables de la CEE to form FEE, John Hegarty moved to Brussels, Belgium to become first Secretary General of the new body.