The IFRS Foundation today published for public comment proposals to create a new advisory group to the IASB, consisting of national accounting standard-setters and regional bodies with an interest in financial reporting.

The pincipal purpose of the new advisory group, to be known as the Accounting Standards Advisory Forum (ASAF), is to provide technical advice and feedback to the IASB.

The document will be open for comment until 17 December 2012.

Please find the press release herewith attached.