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
  • Auditor General of Pakistan
  • Ministry of Finance
  • Higher Education Commission
  • Industry and Practitioners
  • Institute of Cost and Management Accountants of Pakistan

Composition of ASB

Terms of Reference of ASB

ASB Due Process Rules and Procedures Handbook

ASB Presentations

Advisory Group

Composition

Working Groups (WG)

IFRS 9 WG

Composition

IFRS 17 WG

Composition

Presentation – IFRS 17 Background, Basics, Requirements & Implementation

Family Takaful WG

Composition

Islamic Finance WG