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Tuesday 02 September 2014

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MoU between IASB and IIRC


The International Accounting Standards Board (IASB) and International Integrated Reporting Council (IIRC) announced an agreement that will see the two organisations deepen their cooperation on the IIRC’s work to develop an integrated corporate reporting framework.

The Memorandum of Understanding, signed by IASB Board Chairman Hans Hoogervorst, and IIRC Chief Executive Paul Druckman, demonstrates the common interest of both organisations in improving the quality and consistency of global corporate reporting to deliver value to investors and the wider economy.

The IIRC is a global coalition of market participants and other relevant stakeholders who are working towards the publication of the International Integrated Reporting Framework.  The Consultation Draft of the Framework will be released on 16 April 2013.  The Framework itself will be published in December 2013.
The IASB is responsible for the development and promulgation of International Financial Reporting Standards (IFRSs), required or permitted by companies in more than 100 countries.

View the Memorandum of Understanding.

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