Accounting Standards Advisory Forum (ASAF)

The Accounting Standards Advisory Forum (ASAF) is a group that advises the International Accounting Standards Board (IASB) on the development of global accounting standards. It includes representatives from various countries and organizations, aiming to enhance the consistency and transparency of financial reporting around the world. By bringing together diverse perspectives, ASAF helps ensure that accounting standards meet the needs of different stakeholders, such as investors and regulators, while fostering understanding and collaboration in the field of accounting. This ultimately supports better financial decision-making and trust in financial statements globally.