MoU between IFRS Foundation and IFAC
In March 2015 the IFRS Foundation and the International Federation of Accountants (IFAC) signed a Memorandum of Understanding (MoU) to strengthen the co-operation between the two organisations.
The MoU was agreed following a review of an earlier MoU, signed in November 2011, between the IASB and IFAC which was designed to strengthen their co-operation in developing private and public sector accounting standards.
The agreement is consistent with the conclusions of the IFRS Foundation Trustees' strategy review, which called for greater interaction between the IASB and other accounting standard-setting authorities.
View the Memorandum of Understanding (updated March 2015).