What is the Commission’s role in developing the SORP?
The Commission is authorised by the ASB as the SORP-making body and as such takes the responsibility for organising the SORP review, drafting any revision and undertaking the consultation process. In making recommendations, the Commission is expected to act on the recommendations of an expert committee – The SORP committee. The recommendations of the SORP committee are then tested through extensive consultation before recommendations are finalised and published.