IFRS Advisory Council
The IFRS Advisory Council (Advisory Council) is the formal advisory body to the International Accounting Standards Board (the Board) and the Trustees of the IFRS Foundation. It consists of a wide range of representatives from groups that are affected by and interested in the Board's work.
These include investors, financial analysts and other users of financial statements, as well as preparers, academics, auditors, regulators, professional accounting bodies and standard-setters.
43 organisations from across the world are represented on the Advisory Council, with 49 individual members. Three additional organisations are official observers. Members of the Advisory Council are appointed by the Trustees.
The Advisory Council meets at least two times a year for a period of two days, in London. The Chairman of the Board, the Director of Technical Activities, the Director of Research, the Director of Implementation Activities, and IASB members and staff who are responsible for items on the Advisory Council meeting agenda are normally required to attend the meetings.
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