New composition of ASAF announced

  • IFRS - ASAF Image

Oct 30, 2018

On October 30, 2018, the IFRS Foundation announced the new membership of the Accounting Standards Advisory Forum (ASAF) that is designed to formalize and streamline the relationships between the IFRS Foundation and International Accounting Standards Board (IASB) with the global standard-setting community.

The ASAF is comprised of 12 members and a non-voting chair. The new composition is as follows:

Geographical region ASAF member
Africa Pan African Federation of Accountants (PAFA)
Americas Group of Latin American Standard Setters (GLASS)
Canadian Accounting Standards Board
United States Financial Accounting Standards Board (FASB)
Asia/Oceania Accounting Standards Board of Japan (ASBJ)
Accounting Regulatory Department, PRC Ministry of Finance China
Korea Accounting Standards Board (KASB)
Asia Oceania Standard Setters Group (AOSSG)
Europe Autorité des normes comptables (ANC)
United Kingdom Financial Reporting Council (FRC)
Organismo Italiano di Contabilità (OIC)
European Financial Reporting Advisory Group (EFRAG)

Review the press release on the IASB's website.

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