New composition of ASAF announced
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.