To create an appropriate mix of members of the IASB,by 2012 there will be:

Question

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A diverse geographical balance of members is necessary to ensure that the IASB has input from different regions of the world, and can take into account the varying economic and cultural factors that affect financial reporting. While auditors and academic representatives can also provide valuable input, having a diverse range of geographical perspectives is the most essential. The inclusion of members of the FASB may not necessarily be appropriate, as the IASB and FASB have different accounting standards and objectives.

To Create an Appropriate Mix of Members of the IASB,by