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
ASB Due Process Rules and Procedures Handbook
Advisory Group
Working Groups (WG)
IFRS 9 WG
IFRS 17 WG
- Composition
- Presentation – IFRS 17 Background, Basics, Requirements & Implementation
Family Takaful WG
Islamic Finance WG