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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
The Trustees of the IFRS Foundation have today announced the new composition of the Accounting Standards Advisory Forum (ASAF), a technical advisory body to the International Accounting Standards Board (IASB), for the next three years.
ASAF comprises 12 non-voting members, represented by designated individuals, and is chaired by either the Chair or Vice-Chair of the IASB. The composition of ASAF members with immediate effect is:
|Africa||Pan African Federation of Accountants|
|Asia-Oceania (including one at large)||Asian-Oceanian Standard-Setters Group
Accounting Standards Board of Japan
Accounting Regulatory Department, Ministry of Finance PRC (ARD)
Korea Accounting Standards Board
|Europe (including one at large)||European Financial Reporting Advisory Group
Autorité des normes comptables
UK Endorsement Board
Accounting Standards Committee of Germany
|The Americas||Group of Latin American Accounting Standard Setters
Canadian Accounting Standards Board
Financial Accounting Standards Board, US
The ASAF membership criteria can be found in the ASAF Terms of Reference.
ASAF meets four times a year. All meetings are held in public and can be followed live via webcasts on the IFRS Foundation’s website. The first meeting of ASAF with its new composition will take place on 31 March and 1 April 2022.
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