A body of experts who advise the International Accounting Standards Board (IASB) on priorities in setting accounting standards. The members also inform the IASB of the implications of proposed standards for users and preparers of financial statements and may give other advice to the IASB or the trustees of the International Accounting Standards Committee Foundation (IASC Foundation). The IASB is required to consult the SAC in advance of decisions on major projects and the trustees of the IASC Foundation must consult the SAC in advance of making any changes to its constitution. See feature International Standard Setters on p. 248.
http://www.iasb.org/About+Us/About+the+SAC/About+the+SAC.htm SAC section of the IASB website