About the IFRS Foundation and the IASB
The IFRS Foundation is an independent, not-for-profit organisation. Our primary mission is to develop, in the public interest, a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS) based upon clearly articulated principles.
IFRS are developed by the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation.
For a quick overview of the organisation, read our guide to the IFRS Foundation, 'Who we are and what we do' (available in 9 languages).
The following pages provide further information on the structure and role of the various elements of the IFRS Foundation, its standard-setting body the IASB, the IASB's formal advisory body, the IFRS Advisory Council, and the independent Monitoring Board.