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Accounting Standards Advisory Forum (ASAF)

ASAF (Accounting Standards Advisory Forum) (mid blue)


The Accounting Standards Advisory Forum (ASAF) formalises and streamlines 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 objective of the ASAF is to provide an advisory forum where members can constructively contribute towards the achievement of the IASB's goal of developing globally accepted high-quality accounting standards.

The IFRS Foundation announced the formation of the ASAF in February 2013, after a consultation process. Initial membership was announced in March 2013. The first meeting of the ASAF was held on 8 and 9 April 2013.

Structure and membership

The ASAF is comprised of 12 members and a non-voting chair (being the IASB chair or vice-chair).  The 12 members are sourced from the following geographical regions:


Geographical region Number of members
Africa 1
Americas (North and South) 3
Asia/Oceania 3
Europe (including non-EU) 3
World at large* 2

* subject to maintaining overall geographical balance.


The ASAF composition as of October 2018 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)
UK Endorsement Board (UKEB)
Organismo Italiano di Contabilità (OIC)
European Financial Reporting Advisory Group (EFRAG)

Meetings of the ASAF are usually held in London.

Correction list for hyphenation

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