|
Country |
Organised by |
Arrangements |
Annual Contribution/Projected Amount |
Europe
|
|
|
Germany |
German Accounting Standards Committee |
Broad-based funding scheme based on contributions received from private organisations |
€ 1,320,000 |
|
France |
Ministry of Finance |
Broad-based funding scheme based on contributions received from private organisations |
€ 1,000,000 |
|
United Kingdom |
Financial Reporting Council |
Levy on UK listed companies |
£824,000
|
|
Italy |
Organismo Italiano di Contabilità (Italian standard-setter) |
Levy on registered companies
|
€ 750,000
|
|
Spain |
Bolsa de Madrid (stock exchange) |
Direct contribution on behalf of Spain |
€ 500,000
|
|
The Netherlands |
Ministry of Finance |
Direct contribution on behalf of the Netherlands
|
€ 380,000 |
|
Sweden |
Funding through Föreningen för god sed på värdepappersmarknaden
(on hold for 2009 / 2010) |
Levy on registered companies |
€ 200,000 |
|
Switzerland |
Swiss Business Associations |
Contributions collected by Swiss business associations |
US $250,000 |
|
Luxembourg |
Bourse of Luxembourg |
Direct contribution on behalf of Luxembourg
|
€ 50,000
|
|
Norway |
Funding through Norsk Regnskapsstiftlse (Norwegian standard-setter) |
Direct contribution on behalf of Norway |
£40,000
|
|
The European Commission has proposed a EUR 4 million per year contribution for 2011-2013. Funding efforts are proceeding in EU Member States and other European countries. |
|
Africa
|
|
|
South Africa |
Financial Reporting Council |
Levy system being established by South African government |
US $150,000
|
Americas
|
|
|
United States |
Individual companies and organisations |
Voluntary system |
US $3,000,000 |
|
Canada |
Canadian Institute of Chartered Accountants, the body that houses the Canadian standard-setter |
Direct contribution on behalf of Canada |
CAN $800,000 |
Asia-Oceania
|
|
|
Japan |
Financial Accounting Standards Foundation (Japan standard-setter) |
Levy-like system being established for Japanese companies |
US $2,800,000 |
|
China, excluding Hong Kong SAR |
China Accounting Standards Committee, Ministry of Finanance |
Contributions arranged by the Ministry of Finance
|
US $900,000 |
|
Australia |
Financial Reporting Council (Australian financial reporting regulatory body) |
Annual payment on behalf of private and public stakeholders in the Australian accounting standard-setting process |
AUS $1,000,000 |
|
India
|
Major stock exchanges |
Direct contributions on behalf of India |
US $400,000 |
|
Korea
|
Korea Accounting Standards Board |
Contributions arranged by the Korea Accounting Standards Board |
US $300,000 |
|
Hong Kong SAR |
Hong Kong securities regulator and monetary authority and stock exchange |
Direct contributions on behalf of Hong Kong |
US $195,000 |
|
New Zealand |
Accounting Standards Review Board |
Direct contribution on behalf of New Zealand |
NZ $200,000
|
Central Banks and International Organisations
|
|
|
Central banks and international organisations |
Various bodies |
Voluntary contributions |
US $500,000 |
International Accounting Firms
|
|
|
Deloitte, Ernst &Young, KPMG, and PricewaterhouseCoopers |
Direct payments |
Voluntary contributions |
US $2,000,000 each |
|
BDO and Grant Thornton |
Direct payments |
Voluntary contributions |
US $150,000 each |
|
Mazars |
Direct payments |
Voluntary contributions |
US $100,000
|
Other sources of income
|
|
|
The IFRS Foundation also received additional funding to finance its standard-setting and XBRL activities through its publications, educational and related activities. |
|