The IFRS® Foundation is a not-for-profit international organisation responsible for developing a single set of high-quality global accounting standards, known as IFRS Standards.
Our mission is to develop standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
International organisations responsible for the wellbeing of the global economy support our work, including the G20, the Financial Stability Board and the World Bank.
IFRS Standards are now required in more than 125 jurisdictions, with many others permitting their use.
How we set IFRS Standards
How do we develop Standards and Interpretations? What processes do we follow?
Our consultative bodies
Our work depends on input from—and collaboration with—a wide range of groups. Find out more about those groups here