Australian Accounting Standards Board

The Australian Accounting Standards Board (AASB) is an independent accounting standard-setter based in Melbourne, Australia.

The Board comprises 14 members including the Chairman. The Chairman is appointed by the Minister for Superannuation and Corporate Law and members, from a variety of backgrounds, are appointed by the Financial Reporting Council (FRC).

The AASB is committed to developing, in the public interest, a single set of high quality, understandable accounting standards that require transparent and comparable information in general purpose financial statements.

Please visit the AASB website for more information: http://www.aasb.gov.au/.