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Details of IASCF constitution review are announced

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13 Nov 2003

The Trustees of the IASC Foundation (IASCF), under which the IASB operates, have released details of the review of the IASCF constitution that was discussed at their 4 November meeting (see our news story of 7 November below).

The constitution sets out the operating procedures of the Foundation and the IASB and requires that the constitution be reviewed every five years.

IASC Foundation Constitution Review

Scope and consultation. The review will cover "the full range of issues raised by the constitution" and that they will be consulting a wide range of organisations, including international and regional organisations, securities regulators, other international regulatory organisations, accounting standard-setters, organisations representing the accountancy profession, organisations representing business groups, analyst groups and other investment organisations, academic groups, and the Standards Advisory Council. Review committee. The committee to oversee the review will be chaired by Paul Volcker, chairman of the IASC Foundation Trustees. Committee members are IASCF Trustees John Biggs, Roberto Teixeira a Costa, Toru Hashimoto, Cornelius Herkstroter, Philip Laskawy, and Sir Sydney Lipworth. Invitation to comment. The Trustees have published an Invitation to Comment setting out the issues for the constitution review. Written comments are sought by 11 February 2004. You can download the Invitation to Comment from the IASB website. IASCF press release. Click to Download (PDF 28k).

Correction list for hyphenation

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