The Capital Markets Advisory Committee (CMAC) is an independent advisory group that provides advice to the International Accounting Standards Board (IASB). The IASB develops accounting standards known as International Financial Reporting Standards (IFRS). IFRS is required for use in more than 100 countries, including two-thirds of the G20.
The CMAC meets with IASB representatives three times a year. Its membership comprises investors, financial analysts and other users of financial statements. The CMAC is currently seeking applications for membership after the terms of a number of members expire at the end of 2014.
Please indicate your interest by sending a cover letter and brief curriculum vitae by 30 September 2014 to:
Martijn Bos, CMAC co-Chair, at firstname.lastname@example.org;
Peter Malmqvist, CMAC co-Chair, at email@example.com; or
Barbara Davidson, IASB Investor Liaison, at firstname.lastname@example.org.
More about the CMAC
The CMAC consists of members with extensive practical experience in analysing financial information. Members are drawn from a variety of industry sectors and geographical regions. They are selected by the CMAC on the merits of their professional competence, either as investors or as analysts, using financial reporting information within the context of equity and/or fixed income investments, and on their ability to represent capital market participants' views. They do not necessarily have to be experts in accounting matters.
Members are asked to provide their input on emerging issues for the IASB to consider, and input into proposed accounting changes or new accounting requirements that the IASB is developing. They are also asked to offer advice to the IASB on the practical implications of such proposals for users of financial statements. An additional role is helping the IASB in contacting other users of financial statements in order to facilitate additional outreach on IASB projects. Members do not represent the views and interests of their affiliations, unless otherwise indicated. Expenses incurred in fulfilling their membership are borne by the individual member.
All CMAC meetings are held in public and recorded. The recordings are available on the IASB’s website. Please click on the links below for more information about current members, past meetings, and CMAC’s charter.