ASAF was set up in 2013 to formalise and streamline the relationships between the IFRS Foundation and IASB with representatives from across the standard-setting community, in order to bring important regional perspectives to the IASB's technical work and to offer feedback on the most important issues of the day.

The ASAF was originally comprised of 12 members and a non-voting chair (being the IASB chair or vice-chair). The number of members will now be increased to 12-16 members given the more widespread knowledge about and application of IFRS accounting standards. They will be sourced from the following geographical regions:

• Africa: 1 member
• Americas (North and South): 3 members
• Asia/Oceania: 3 members
• Europe (including non-EU): 3 members
• World at large*: up to 6 members

* subject to maintaining overall geographical balance.

Membership of the ASAF is open to all recognised accounting standard-setters of jurisdictions and regional bodies. Existing ASAF members are eligible for reappointment.

The closing date for applications is 30 June 2024. 

Please click for more information in the press release on the IFRS Foundation website.