IASB seeks candidates for the methodology for fieldwork and effects analyses consultative group
Jul 25, 2012
The International Accounting Standards Board (IASB) is seeking candidates for membership to the consultative group that will assist the IASB in developing an agreed methodology for fieldwork and effect analyses.
Consistent with the recommendations from the 2011 Trustees' Strategy Review, the group will provide information on, and an assessment of, fieldwork and effect analyses methodologies that are used currently and whether and, if so, how they might be applied to the IASB’s standard-setting activities, together with advice on the most appropriate methodology (or methodologies) that might be used.
The establishment of the consultative group will also assist the IASB in identifying the 'extent to which it can, and should, meet the needs of bodies responsible for the endorsement of IFRSs in their jurisdictions with respect to effect analysis' so that endorsement bodies might rely on the IASB effects analyses instead of conducting their own analysis.
The IASB expects the consultative group to have 12 to 20 members and will be taking applications until 14 September 2012.
More information on the terms and candidacy for membership are available on the IASB website.