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National standard-setters and regional bodies (NSS) are important partners in our work to achieve the G20-endorsed objective of developing globally accepted standards. The relationship brings benefits to both parties:

The IFRS Foundation benefits from working with NSS through their:

  • knowledge of local financial reporting and legal requirements;
  • relationships with key stakeholders;
  • experience in standard-setting and technical accounting capabilities; and
  • role in the endorsement of new Standards.

NSS benefit by:

  • influencing the development of globally accepted standards;
  • representing their stakeholders to the IFRS Foundation and in the international debate;
  • sharing information and ideas with other NSS.