IASC Trustees begin Advisory Council selection process
18 Mar 2001
The IASC Trustees are reviewing 175 applications and nominations for membership on the Standards Advisory Council.
SAC will have approximately 30 members and will provide a forum for organisations and individuals with an interest in international financial reporting to participate in the standard setting process. Members will be appointed for a renewable term of three years and have diverse geographic and functional backgrounds. SAC will normally meet three times each year to:
- advise the Board on priorities in the Board's work,
- inform the Board of the implications of proposed standards for users and preparers of financial statements, and
- give other advice to the Board or to the Trustees.