Audit and Finance Committee
Approves the budget of the IFRS Foundation, and is responsible for fundraising. Assists the Trustees in reviewing the financial reporting process, the system of internal control, the audit process, and the organisation's mechanism for monitoring compliance with the laws and regulations in the jurisdictions in which it operates.
Due Process Oversight Committee
Reviews Trustee performance against measures of effectiveness. Reviews the composition of advisory groups of the IASB to ensure balance of views and expertise put forward by the IASB. Reviews proposed procedures for its due process on new projects.
Education and Content Services Committee
Considers the scope and activities of the IFRS Foundation in the area of education and publications.
Can act between Trustees' meetings when a policy (generally for financial and legal matters) exists, other than making decisions on membership of the IASB and of the Trustees, but it cannot create new policy.
Hedging and Investments Subcommittee of Finance
Approves strategy on hedging and investments.
Human Capital Committee
Reviews and recommends proposals on human capital issues.
Makes recommendations to the Trustees regarding nomination procedures. Makes recommendations to the Trustees on candidates for the Trustees, International Accounting Standards Board (IASB), IFRS Advisory Council and IFRS Interpretations Committee. Reviews the performance of IASB members annually.