IASC Foundation and IASB enhance investor participation

The Trustees of the International Accounting Standards Committee (IASC) Foundation and the International Accounting Standards Board (IASB) have launched a program to enhance investor participation in the development of International Financial Reporting Standards (IFRS). The program builds on actions recently taken to help ensure the IASB meets the needs of the investor community. In January 2009 the Trustees reconstituted the Standards Advisory Council to include representatives from eight leading investor organizations and established a special subgroup of these members. In January 2010 the Trustees changed the Constitution to identify investors as a target audience for financial information. (Read the IASB Press Release.) (Read the IASB Press Release.)