Proposal to establish an Accounting Standards Advisory Forum (ASAF)
On 1 November 2012 the IFRS Foundation published for public comment proposals to create a new advisory group to the International Accounting Standards Board (IASB), consisting of national accounting standard-setters and regional bodies with an interest in financial reporting. The creation of such an advisory group was one of the main recommendations of the Trustees’ strategy review, published in February 2012.
The principal purpose of the new advisory group, to be known as the Accounting Standards Advisory Forum (ASAF), is to provide technical advice and feedback to the IASB. The proposals will result in a more streamlined and effective dialogue between the IASB and this important group of stakeholders from the standard-setting community.
Comment letter deadline
The comment period ended on 17 December 2012.
To view all the comment letters, please click here.