The Nominating Committee of the IFRS Foundation Trustees appoints members of the IFRS Advisory Council. The primary objective of the Advisory Council is to provide a forum where the Board and the Trustees consult individuals and representatives of organisations that are affected by its work and are committed to the development of high quality International Financial Reporting Standards.
The members of the Advisory Council are organisations that have an interest in standard-setting, and represent a diversity of geographical and professional backgrounds. The individuals appointed to the Council are senior members of the organisation that they represent.
New members are typically appointed every year, with the appointment process usually taking place over the summer and the new members’ terms usually starting in January.