The IFRS Foundation's three-tier structure
The IFRS Foundation has a three-tier governance structure, based on an independent standard-setting Board of experts (International Accounting Standards Board), governed and overseen by Trustees from around the world (IFRS Foundation Trustees) who in turn are accountable to a monitoring board of public authorities (IFRS Foundation Monitoring Board).
The Monitoring Board is a group of capital market authorities and provides a formal link between the Trustees and public authorities in order to enhance the public accountability of the IFRS Foundation
Trustees of the IFRS Foundation
The Trustees of the IFRS Foundation are responsible for the governance and oversight of the International Accounting Standards Board, including the Constitution and due process for the development of the accounting standards
International Accounting Standards Board
The International Accounting Standards Board (the Board) is the independent standard-setting body of the IFRS Foundation
IFRS Interpretations Committee
The interpretative body of the International Accounting Standards Board (Board), which works with the Board in supporting the application of IFRS Standards.