The role of the CMAC is to provide the International Accounting Standards Board with regular feedback from the international community of users of financial statements. CMAC offers members the opportunity to directly influence the work of the Board and to help shape the future of financial reporting.
CMAC members are individuals with extensive practical experience in analysing financial information. Successful candidates are likely to be established commentators on accounting matters or be actively involved in user representative bodies on financial reporting issues— members need not be accountants! Members are drawn from across a number of specialities, including asset management, brokering, independent research organisations and credit rating agencies. Members also have a variety of geographical backgrounds.
Members of the CMAC:
- provide views about proposals the Board is developing;
- offer advice to the Board on the practical implications of proposals in development for users of financial statements; and
- assist the Board in planning outreach with users of financial statements.
The CMAC holds public meetings with Board representatives three times a year at the IFRS Foundation offices in London; one of those meetings is held jointly with the Global Preparers Forum.
Members are volunteers and membership is unpaid, but the IFRS Foundation pays members’ reasonable travel expenses incurred for CMAC business.
Call for Members
The CMAC is seeking new candidates to join for a term of three years, from 1 January 2020, renewable once for a further three years.
As a committee independent of the Board and the Foundation, new members are selected by current CMAC members based on their professional competence and their ability to represent capital market participants' views.
The CMAC welcomes applications from analysts and investors from all over the world.
How to apply
Please indicate your interest by emailing the Investor Engagement team, including a cover letter and brief CV.