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The IFRS® Foundation (Foundation) is seeking suitable candidates for membership of the Accounting Standards Advisory Forum (ASAF) for the three-year period from January 2025 to December 2027. National standard-setters and regional bodies may nominate themselves or another eligible organisation.

The ASAF was established in 2013. The advice of its members helps the International Accounting Standards Board (IASB®) to develop globally accepted and high-quality IFRS Accounting Standards. Information about the ASAF, including the Terms of Reference and the Memorandum of Understanding that established the forum, are available on the ASAF page.

Candidates for membership

The ASAF comprises up to 16 members, represented by 12–16 individuals, plus the Chair. The Chair or the Vice-Chair of the IASB acts as the Chair of the ASAF.

In order to ensure a broad geographical representation and balance of the major economic regions in the world, the 16 members are from the following geographical regions:

  • one member is from Africa;
  • three members are from the Americas (North and South);
  • three members are from the Asia-Oceania region;
  • three members are from Europe (including non EU); and
  • up to six members are appointed from the world at large, subject to maintaining an overall geographical balance.

Membership of the ASAF is open to recognised accounting standard-setters in all jurisdictions. Existing ASAF members are eligible for reappointment.

Candidates for membership are asked to confirm that they would be willing to sign the Memorandum of Understanding with the Foundation, and, in particular, to provide the required commitments as set out in Section 2 of that document.

For its part, the Foundation confirms that it will formally meet the commitments set out in Section 3 of the Memorandum of Understanding.

Membership criteria

Candidates should explain how they meet, or plan to meet, the criteria for membership in support of the commitments set out in the Memorandum of Understanding. These criteria include:

  • technical competence—having the necessary technical resources, including human capital resources with standard-setting expertise, technical experience and practical knowledge of financial reporting issues, to enable the candidate to contribute meaningfully to and participate actively in substantive technical discussions (that is, by providing substantive advice to the IASB as to how to proceed with projects under discussion, taking into account the feedback on the project rather than merely reiterating views already provided); and
  • having the necessary resources available to the organisation to enable it to participate as an active member of the ASAF (for example, by funding the travel and accommodation costs of representatives), and the ability and willingness:
    • to devote time and resources, where necessary, to the preparation of materials for ASAF meetings; and
    • to engage with stakeholders in the candidate’s jurisdiction and solicit feedback to be presented in the meetings.

Other factors

Candidates are also invited to submit any additional material that they consider relevant to support their nomination to be a member of ASAF, including details of:

  • the candidate’s knowledge and experience of IFRS® Standards and their application;
  • the candidate’s contribution to the activities of the Foundation and the IASB’s standard-setting process and their knowledge of the issues and concerns in their jurisdiction or region—together with examples;
  • the candidate’s intended approach to seeking input from stakeholders within their jurisdiction or to representing the perspectives of national standard-setters within their region; and
  • the scale of the capital market in the candidate’s jurisdiction or region, including details on how IFRS Standards are used within the candidate’s jurisdiction or region and any supporting activities the candidate does to promote IFRS Standards’ consistent application.


Nominations and applications are invited by 30 June 2024. They should be sent to Katherine Galea:

Membership will be on the basis of organisational representation. Candidate organisations are required to select a single designated individual who will be their representative on the ASAF. The individuals should meet the criteria set out in paragraph 2.2.3 of the Terms of Reference.

Process for selection

Candidates will be selected on the basis of a geographical balance, the membership criteria and the other factors referred to above. The Foundation will consider all candidates for selection by taking these issues into account. The final selection of members of the group will be made by the Trustees of the Foundation, having taken advice from the IASB leadership.

New ASAF membership will be announced by 30 November 2024.

The first scheduled ASAF meeting of the new membership will take place in March 2025.

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