Ms Roxon’s leadership experience would put the board’s strategic direction in good stead, APESB interim chair Stuart Black said.

“Ms Roxon brings her knowledge and experience in law and public service along with her commitment to public advocacy to lead the APESB in its role as the national standards setter for professional and ethical standards for the Australian accounting profession,” Mr Black said.

The appointment follows the retirement of Kate Spargo after six years in the role.

Ms Roxon said the “code of ethics and the professional and ethical standards that guide the Australian accounting profession are vital to protecting the interests of the public, business groups and the profession”.