Accounting Standards Advisory Board

The Accounting Standards Advisory Board (ASAB) is a group of experts that provides independent advice to organizations developing accounting standards. Their role is to ensure that the rules for how companies report their financial information are clear, consistent, and useful for users like investors, regulators, and the public. ASAB reviews and discusses proposed standards, offering insights based on professional expertise to help improve financial reporting practices globally. Their guidance helps maintain transparency and trust in financial statements, supporting informed decision-making across various stakeholders.