The IFRS Advisory Council — explained.

The IFRS Advisory Council is the formal advisory body to the IASB and the Trustees of the IFRS Foundation. It consists of a wide range of representatives from groups that are affected by and interested in the IASB’s work. These include investors, financial analysts and other users of financial statement, as well as preparers, academics, auditors, regulators, professional accounting bodies and standard-setters.

Members of the Advisory Council are appointed by the Trustees. The Advisory Council normally meets three times a year for a period of two days, in London. The Chairman of the IASB, the Director of Technical Activities, the Director of Research, the Director of Implementation Activities, and IASB members and staff who are responsible for items on the Advisory Council meeting agenda are normally required to attend the meetings