Global Standards for the world economy

Tuesday 26 January 2021

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IASB advisory bodies


The IASB's formal advisory bodies provide an important channel for the IASB to receive input on its work and to consult interested parties from a broad range of backgrounds and geographical regions in a transparent manner.

Formal advisory bodies are established specifically to engage with the work of the IASB usually on a regular basis (apart from working groups, whose meetings take place on an ad hoc basis). Meetings with these bodies are held in public and the relevant meeting materials are made available on the website. Where technically feasible, meetings are also recorded and webcast.

However, the IASB engages with a broad range of bodies, which is not restricted to formal advisory bodies. For instance, interaction with regional and national standard-setting bodies is another important component of the IASB's consultative activities. In addition, it engages with a number of entities and organisations on an ad hoc basis as part of its project specific outreach activities or may create temporary ad hoc expert advisory groups to assist the IASB in specific project related areas.

The table below provides an overview of the IASB's formal advisory bodies and their form of engagement with the IASB. For more information, click on the name of the body.


Group Established by the IASB? IASB-chaired? Agenda set by:
- Group
- Both
Form of representation:
- Delegates 
- Individuals
- Both
Member selection Composition
Accounting Standards Advisory Forum Yes Yes Both Delegates Trustees International standard-setters
Capital Markets Advisory Committee No No Both Individuals Group International; Users
Consultative groups Yes Yes IASB Individuals Trustees/Public search Technical sector experts
Emerging Economies Group Yes Yes Both Both Group Emerging Economies
Global Preparers Forum No No Both Individuals Group International; Preparers
SME Implementation Group Yes Yes Group Individuals Trustees/Public search International; Area experts
IFRS Transition Resource Group for Impairment of Financial Instruments (ITG) Yes Yes IASB Individuals IASB/Public search Preparers and auditors
Transition Resource Group for Revenue Recognition (TRG) Yes (jointly with FASB) Co-Chaired by IASB and FASB Vice-Chairmen IASB/FASB Individuals IASB/FASB Preparers, auditors and users of financial statements