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IFRS Foundation seeks nominations and issues feedback statement for the ASAF

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May 01, 2015

The IFRS Foundation has announced that it is seeking nominations for membership in the Accounting Standards Advisory Forum (ASAF) and has issued a feedback statement in response to the review of this forum. The ASAF is chaired by the IASB and has 12 other members from various locations around the world.

Can­di­dates seeking mem­ber­ship should review the criteria in the call for nominations. Nom­i­na­tions are due by May 28, 2015.

The feedback statement reveals “strong support for the ASAF and for the IASB’s com­mit­ment to the ASAF.” Further, the statement notes that the trustees are satisfied with the current ASAF mem­o­ran­dum of un­der­stand­ing but will amend the forum’s terms of reference to extend the terms of mem­ber­ship from two to three years and will adjust the criteria for setting its meeting agenda.

 For more information, see the press release on the IASB’s Web site.

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