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IASC Trustees begin Advisory Council selection process

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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.
The Trustees expect to complete the selection process for the Advisory Council by early April.

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