Accounting Standards Board

The Accounting Standards Board (ASB) established on March 21, 2017, brings together all the stakeholders with the objective to reinforce the accounting standard setting process and enhance public confidence with increased transparency and consultation, and contribute to the implementation of globally accepted financial reporting standards and practices consistent with Pakistan’s economic and legal circumstances.

ASB includes representation from:

  • Securities & Exchange Commission of Pakistan
  • State Bank of Pakistan
  • Pakistan Stock Exchange Limited
  • Auditor General of Pakistan
  • Ministry of Finance
  • Higher Education Commission
  • Industry and Practitioners
  • Institute of Cost and Management Accountants of Pakistan
  • Controller General of Accounts

Composition of Accounting Standards Board

Terms of Reference (TOR) ASB

ASB Due Process Rules and Procedures Handbook

ASB Presentations

Advisory Group

Working Groups (WG)

IFRS 9 WG

IFRS 17 WG

Family Takaful WG

Islamic Finance WG