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Friday 19 September 2014

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Terms & Conditions

Website and Content Terms of Use

This page and the documents it refers to tells you the terms on which you may use our Website.  By accessing our Website or any of its contents you agree to be bound by these terms of use.  If you do not agree to these terms of use, please refrain from using our Website.
We aim to update our Website regularly and may change the content and/or these terms of use at any time - please therefore check back regularly for any changes. 


Information About Us

www.ifrs.org and www.iasb.org are sites operated by the International Financial Reporting Standards Foundation (IFRS Foundation).   We are a not for profit corporation incorporated in the state of Delaware USA with our registered office at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, USA Co. reg. no. 0152527.  Our head office is at 30 Cannon Street London EC4M 6XH.  We operate in England and Wales as an overseas company under company number FC023235 at the said London address.

The IFRS Foundation is the only organization that produces international accounting standards.  It is important to us and our constituents that we preserve our intellectual property and that we maintain a strong brand that facilitates the use of our work in line with our objectives.

1. Intellectual Property 


We are the owner or the licensee of all intellectual property rights in our Website and in the material published in it.   Those rights are protected by copyright laws and treaties around the world.  All such rights are reserved.

2. Copyright


You acknowledge the IFRS Foundation’s copyright and other proprietary rights where they exist in any material provided.


You do not have permission to translate, reprint, reproduce, duplicate or use any part of our Website by any means whether electronic, mechanical or otherwise, either currently known or yet to be invented, except as expressly provided for under these terms of use.  For a list of the official IFRS translations that are available please click here.


You acknowledge that you acquire no copyright or other proprietary rights in any material provided as it is viewed or received.


The material remains the copyright of the IFRS Foundation in all countries and in all languages.


If you are interested in using our materials for commercial products please contact us and see clause 6.

3. Trademarks


You must not use or reproduce or allow anyone else to use or reproduce any trade marks that appear on our Website unless you have our Prior Permission.  Some of the trade marks that appear on our Website are listed at clause 3.2.


 The IFRS Foundation logo (shown below), the IASB logo, the IFRS for SMEs logo, the ‘Hexagon Device’, ‘IFRS Foundation’, ‘eIFRS’, ‘IAS’, ‘IASB’, ‘IFRS for SMEs’, ‘IASs’, ‘IFRS’, ‘IFRSs’, ‘International Accounting Standards’ and ‘International Financial Reporting Standards’ are Trade Marks of the IFRS Foundation.




Our trade marks are registered in various parts of the world.  For details please contact us.

4. Software


The software that operates our Website is the property of the IFRS Foundation. You must not copy, reverse engineer, modify or otherwise alter or manipulate this software.

5. Viewing or Using our Website and Materials


These terms apply equally to all users of our Website or any part thereof.


If these terms of use are inconsistent with a Separate License Agreement the relevant terms of that agreement shall prevail in respect of the use of our Website.


You must not view or access data, or supply data to any company, firm or individual except as permitted under these terms of use. In particular:


a) You may access and make use any of documents available on our Website for personal and/or professional non-commercial purposes only. This includes permission to make reference to the Works when discussing or advising others, but excludes permission to reproduce portions of the Works and provide them to others.

b) Subject to clause 6 you are permitted to use the material contained on this Website to inform yourself, your employer and your clients of the reporting requirements under International Financial Reporting Standards in connection with the normal function of their business or employment.

c) You are not permitted to reproduce, distribute or sublicense the works in any format other than the limited circumstances in clause 5.4.


You have the right to reproduce, in hard copy or in electronic format for your internal purposes only and not in the public domain:


a) Not more than 5 copies of any individual standard or specific document of the works for use in connection with the subscriber’s profession or business

b) Up to 10 copies of extracts for use in connection with your profession or business. An extract shall be no more than 25 per cent of any complete standard or other document.


You must obtain the IFRS Foundation’s Prior Permission before producing more copies than those permitted in clause 5.4 or using the Works for one of the purposes set out in clause 5.3.  If you want to seek such permission please contact us.


Any copies of individual standards or extracts must be accompanied by an acknowledgement in the following form:
© Copyright IFRS Foundation.

6. Commercial Products


You must not reproduce (either in hard copy or in electronic format) any part of our Website or any material(s) on it for use in any Commercial product or for use in any seminar, conference, training or similar commercial event without Prior Written Permission from us. The IFRS Foundation reserves the right to charge a fee for such use.  If you want to seek such permission please contact us.

7. Use of XBRL Taxonomies


This Website hosts the IFRS Foundation’s XBRL IFRS taxonomy and related resources.  The terms of use for those materials are set out in the IFRS Foundation’s XBRL Terms of Use.

8. Linking to our Website


Subject to the following provisions of this clause 8 you may link:


a) to our home page; or

b) another page that contains educational materials if those materials expressly allows a link to be made to them PROVIDED THAT any such link does not permit users to enter password-protected areas of the Website without buying a subscription from the IFRS Foundation.


You must establish a link in a way that is fair and legal and does not damage our reputation or take advantage of it.


You must not establish a link in a way that suggests any form of association, approval or endorsement on our part where none exists and/or where we have not provided our written consent.


You must not establish a link from any website that is not owned by you.


Our Website must not be framed on any other Website, nor (unless you have Prior Permission) may you create a link to any part of our Website other than a link to the home page.


We reserve the right to withdraw linking permission without notice.

9. Accessing our Website and Restricted Areas


Whilst we endeavour to ensure that our Website is normally available 24 hours a day, we will not be liable if for any reason the Website is unavailable at any time or for any period.


Access to this site may be suspended temporarily and without notice in circumstances of system failure, maintenance or repair or for reasons beyond our control.


Some areas of our Website are restricted.  You are not permitted to access the restricted areas of the IFRS Foundation Website without buying a subscription from the IFRS Foundation unless such access is permitted under a Separate Licence Agreement.


Access to restricted areas of our Website may be withdrawn without notice if you breach any provision under clause 5 of these terms or any terms contained in a Separate Licence Agreement.


You are responsible for making all arrangements necessary for you to have access to our Website.  You are also responsible for ensuring that all persons who access our Website through your internet connection are aware of these terms of use and that they comply with them.

10. Fees


Access to certain areas of our Website may be subject to payment of a fee.


Payment for access to restricted areas of our Website must be made in advance and in British Pounds Sterling (GBP).


If you have paid for access to an area of our Website which is terminated by us, you may be entitled to a refund or partial refund unless termination was as a result of your failing to comply with these terms of use.


Any refund referred to in clause 10.3 will be calculated by us on a pro rata basis. 


 If you become entitled to a refund under the provisions of clause 10.3 we reserve the right, at our sole discretion, to extend your subscription to compensate you for the period during which access was denied instead of providing a monetary refund.

11. Use of IFRS Webshop


The prices of items offered by us in our online bookshop are clearly set out on the Website and include VAT, where applicable.


Delivery may be included in the price or it may be charged for separately - where delivery is charged separately this will be clearly indicated.


If by mistake we have under priced an item we will not be liable to supply it to you at that price provided we notify you before dispatching the goods.


If for any reason beyond our control we are unable to supply you with a particular item we will notify you as soon as possible. The IFRS Foundation shall not be liable to supply such goods provided notification is given before payment is collected. 


No contract of any kind exists between us and a user placing an order until we collect payment for the goods. At any point up to then we may decline to supply the goods without giving reason. At the moment payment is collected, and not before, a contract exists between the IFRS Foundation and the purchaser and we will arrange for dispatch of the goods.


Delivery will be made to a single address specified in the order. We will use reasonable endeavours to secure delivery within 30 days of the date of the order (with the exception of advance orders). However, we will not be liable for loss occasioned by delay in delivery arising out of any cause beyond our control.


Payment may be made by American Express, Visa or Mastercard credit or charge cards or any Switch or Maestro debit card. Card details will be encrypted to minimise the possibility of unauthorised access or disclosure. Authority for payment must be made at the time of the order.


Credit, debit or charge card orders exceeding £5000 (GBP) are subject to a 3.75 per cent surcharge on the amount exceeding £5000 (GBP). This amount will be automatically added to your order. If you are printing the order form and wish to pay by cheque you do not need to pay this surcharge.





We may, at our sole discretion, offer discounts to certain groups of customers or on orders of a certain size. These discounts will be clearly displayed on our Website. Only one discount rate may be applied to any order.



The provisions of this clause 11 do not affect your statutory rights.  If you have any queries about the IFRS Webshop please contact us.

12. IFRS Webshop Refunds and Returns


The provisions of clause 11 do not apply to purchases of CD-ROMs or Subscriptions that include services delivered through the internet, nor do they apply to purchases made by bookshops or other commercial entities, or made by an employee on behalf of a commercial entity.


You have the right to cancel your order up to 14 days after the day following delivery of the goods using the Order Enquiry Form.


If the goods have been dispatched by the time we receive the cancellation notice you must return the goods to us and we will refund the purchase price to your credit or debit card within 30 days of the notice of cancellation.


If you do not return the goods within 21 days of the date of cancellation we will make a charge in respect of collection and recovery of the goods.


If you do not make the goods available for collection or recovery within 30 days of your notice of cancellation you will be deemed to have accepted the goods. At that point a new contract will be formed and you will be charged for the product at the price set out on the Website.


Any goods returned to us must be in good resalable condition - if not you will be charged for them.


If for any reason your goods arrive in a damaged or otherwise unsatisfactory condition we will replace them. Please contact our Publications Department using the Order Enquiry Form to arrange the return of the defective products and dispatch of replacements. Please do not return defective goods to us until requested to do so.


If you have any queries about the IFRS Webshop please contact us.

13. Disclaimer


The material contained on our Website is provided for general information purposes only.  It does not constitute accounting or other professional advice. Neither the IFRS Foundation nor any other associated entity accepts any responsibility for any loss or damage that may arise from reliance on information contained on this Website. Should you wish to rely on any material on this Website, you should take appropriate professional advice on your particular circumstances beforehand because the application of laws and regulations will vary depending on particular circumstances.


Whilst we have endeavoured to ensure that the material on our Website is correct we make no warranty express or implied regarding the content of our Website.


We disclaim all warranties express and implied to the maximum extent permitted by law including but not limited to warranties of fitness for purpose and merchantability.


In no event shall we be liable for any damages either express, incidental, consequential or special, including but not limited to, damages for loss of profits, business interruption or other pecuniary loss. 


We do not warrant or guarantee that our Website is free of errors, viruses, worms, Trojan horses or other destructive or contaminating content. We also do not warrant or guarantee that our Website is compatible with your computer equipment.


We reserve the right to change, modify, suspend, add, remove or restrict access to our Website or parts of it at its discretion, without prior notice.


We may at our sole discretion terminate or suspend your access to all or part of the Website with or without cause and without notice although we will try and notify you beforehand where we are able to.


Any names of individuals, companies and/or places used in any educational document(s) on this Website are fictitious and any resemblance to real people, entities or places is purely coincidental.


Our Website may contain links to third party websites that are not controlled by us. We do not accept any responsibility for the content of such websites or that these links will continue to function. We also do not accept liability for any use of such websites.

14. Personal Data and Cookies


We collect information about you when you register with us, place an order for products and services or when you communicate with us by any media.


We may collect information about you from third parties.


Some of the information we collect about you might be personal data (as defined in the Data Protection Act 1998).  For full details of our Information Statement explaining how we use personal data please click here.  Please also see our Privacy Statement.


Our website uses cookies to improve your experience and to collect information on how you use the website. Please see our Privacy Statement and Cookies for details.

15. Rules of Interpretation Applicable to these Terms of Use


Unless the context otherwise requires, the singular includes the plural and vice versa.


References to any enactment, order, regulation or other similar instrument shall be construed as a reference to the enactment, order, regulation or instrument or any subsequent re-enactment.


References in this agreement to sections, clauses and schedules are to the sections, clauses of and schedules to this agreement.


If any provision of this agreement is declared by any judicial or other competent authority to be void, voidable, illegal, or otherwise unenforceable, or indications of this are received by either of the parties from any relevant competent authority, the remaining provisions of this agreement shall remain in full force and effect.


The failure by either party to enforce at any time or for any period any one or more of the terms or conditions of this agreement shall not be a waiver of them or of the right at any time subsequently to enforce all terms and conditions of this agreement.


Headings contained in this agreement are for reference purposes only and shall not be incorporated into this agreement and shall not be deemed to be any indication of the meaning of the clauses to which they relate.


This agreement shall be governed by, and construed in accordance with, English law. It is hereby irrevocably agreed and accepted that the Courts of England and Wales are to have exclusive jurisdiction to settle any claim, difference or dispute (including, without limitation, claims for set-off or counterclaims) which may arise out of or in connection with this agreement. Each party irrevocably waives any right it may have to object to an action being brought in such Courts, to claim that the action has been brought in an inconvenient forum or to claim that such Courts do not have jurisdiction.


The terms used in these Terms of Use are defined below:

‘Agreement’ – These Terms of Use in their entirety.

‘Commercial’ – Pertaining to commerce and having either monetary or non-monetary gain as motive.

‘Data’ – Any information in print or electronic format including the works and updates in electronic or other format as agreed between the parties.

‘Electronic Format’ – Any format other than print, including those actuated by or as a result of analogue, digital, electronic, compact disk, electrical, magnetic, optical, laser, acoustic, or any such similar technologies, and/or devices accessed using personal computers, workstations, local area networks, wide area networks, intranets, the Internet, or other dial-in access.

‘Extract’ – An extract of less than 25 per cent of a specific document from any of the works included in the data.

‘IASB’ – The International Accounting Standards Board.

‘IFRIC’ – The International Financial Reporting Interpretations Committee.

‘Individual User(s)’ – A distinctly identifiable individual user of the data obtaining access through the licensee’s services.

‘Official text’ – The works published by the licensor in printed or electronic Format, which are endorsed and published by the IASB and/or IFRS Foundation and/or its agent(s).

Prior Permission” and “Prior Written Permission” – Permission from an authorised member of the IFRS Foundation’s staff and includes but is not limited to:

a) permission contained on any webpage or document included within this Website.  Where the prior permission is required to be in writing, it shall be in hard copy form and signed by an authorised signatory of the IFRS Foundation’s staff; and/or

b) a Separate Licence Agreement

‘Professional Use’ – Use of the material in a professional capacity in connection with accounting or other related business.

‘Website’ – The IASB/IFRS Foundation website (www.ifrs.org) including all material or web pages that comprise it.

Separate Licence Agreement’ An agreement that has not expired and which was made between us and a third party relating to the use of our material.

‘Standards’ – The accounting standards and updates to those standards issued by the licensor under the titles International Accounting Standards, or International Financial Reporting Standards.

‘Subscribers’ – Companies, firms, individuals or other legal entities that have access to the IFRS Foundation Website’s password-protected areas.

‘Taxonomy’ – Taxonomy in general means a catalogue or a set of rules for classification; in XBRL, a taxonomy contains computer-readable definitions of business reporting terms as well relationships between them and links connecting them to human-readable resources; a typical taxonomy consists of a schema (or schemas) and linkbases; a set of these files that could be discovered from one entry point schema is called discoverable taxonomy set, for example the IFRS taxonomy. The term is used to refer to all versions of the IFRS for the purposes of this document.

‘User(s)’ – All companies, firms, individuals or other legal entities that have access to the IFRS Foundation Website.

‘Works’ - The copyrighted material of the International Accounting Standards Committee (IFRS) Foundation. These material include, but are not limited to, the following:

  • International Financial Reporting Standards (IFRSs)
  • International Accounting Standards (IASs)
  • IFRIC Interpretations
  • SIC Interpretations
  • Basis for Conclusions for IFRSs and IASs
  • Implementation Guidance for IFRSs and IASs
  • Appendices to IASs
  • Basis for Conclusions for IFRIC and SIC Interpretations
  • Appendices to SIC Interpretations
  • IASB Framework for the Preparation and Presentation of Financial Statements
  • Due Process Handbook for the IASB
  • Preface to IFRSs
  • IASB and IFRS Foundation Discussion Papers
  • IASB and IFRS Foundation Exposure Drafts
  • IFRIC Draft Interpretations
  • IASB Insight
  • IASB Update
  • IFRIC Update

‘XBRL’ – Extensible Business Reporting Language, a language based on the XML standard for the electronic communication of business and financial data.

Contact Us
 if you have any questions on our website and content terms of use.