The Capital Markets Advisory Committee (CMAC) is an independent advisory group that provides advice to the International Accounting Standards Board (the Board). The Board develops accounting standards known as International Financial Reporting Standards (IFRS Standards). IFRS Standards are required for use in more than 100 countries, including two-thirds of the G20.
CMAC meets with Board representatives three times a year. Its membership comprises investors, financial analysts and other users of financial statements. 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:
More about CMAC
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 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 Board is developing. They are also asked to offer advice to the Board on the practical implications of such proposals for users of financial statements. An additional role is helping the Board 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, and the recordings are available on the Board's website.