The responses to the consultation revealed a high level of support for establishing the Accounting Standards Advisory Forum, as a means of securing a more streamlined and effective dialogue between the IASB and the global accounting standard-setting community.
The consultation paper outlined proposals to create the Accounting Standards Advisory Forum (ASAF), consisting of national accounting standard-setters and regional bodies associated with accounting standard-setting. The proposed creation of this group follows one of the main recommendations of the February 2012 report Strategy Review 2011 by the Trustees of the IFRS Foundation.
The responses to that consultation revealed a high level of support for establishing the ASAF as a means of securing a more streamlined and effective dialogue between the IASB and the global accounting standard-setting community.
Michel Prada, Chairman of the Trustees of the IFRS Foundation commented: "I would like to express my thanks for the extremely thoughtful feedback provided in response to our proposals. We have taken that feedback on board and today seek nominations for membership of the ASAF."
"The ASAF has an important role to play in our work to establish IFRS as the global language of financial reporting. Strengthening and streamlining our cooperation with members of the global standard-setting community will help us to deliver standards of the highest quality."
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