A hunt for candidates to take part in an expert panel to test a new cashflow model has been launched by the International Accounting Standards Board. The decision was taken at a meeting in September to create a panel that would discuss the cashflow model as part of its project to replace IAS 39: Financial Instruments: Recognition and Measurement. Requirements for candidates have been given by the IASB, which says: 'To meet the EAP's objectives, suitable candidates would have a background in risk management, systems development or operations, or in product development or in controlling (including auditing) these areas.' Applications close on 5 November 2009.