Welcome to the website of the IFRS Foundation and the IASB

Thursday 24 April 2014

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How we develop IFRSs


International Financial Reporting Standards (IFRSs) are developed through an international consultation process, the "due process", which involves interested individuals and organisations from around the world.

The due process comprises six stages, with the Trustees having the opportunity to ensure compliance at various points throughout:

  1. Setting the agenda
  2. Planning the project
  3. Developing and publishing the discussion paper
  4. Developing and publishing the exposure draft
  5. Developing and publishing the standard
  6. After the standard is issued

Related information

Contact us

  • For general queries regarding the IFRS Foundation:
    email: ifrs@ifrs.org
    Telephone: +44 (0)20 7246 6410