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Tuesday 29 July 2014

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Press Releases


Capital Markets Advisory Committee Call for Members

 02 September 2013


The Capital Markets Advisory Committee (CMAC), (formerly the Analyst Representative Group), is an independent advisory group that provides advice to the International Accounting Standards Board (IASB) as it develops accounting standards known as International Financial Reporting Standards (IFRS).  IFRS is required or permitted 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 2013. 

The call for new members for 2014 is now closed. The CMAC plans to perform its next membership review at its October 2014 meeting.

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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 investment, and on their ability to represent capital market participants' views.  They do not 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 the intended 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.  Unless otherwise indicated, members do not represent the views and interests of their affiliations.

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.