The IFRS Foundation Annual Report

The IFRS Foundation publishes an annual report on its activities, including audited financial statements.

The 2020 report showcases the resilience and responsiveness of the International Accounting Standards Board, the Foundation’s staff and the Trustees in their efforts to deliver on the mission to bring transparency, efficiency and accountability to the world’s capital markets.

2020 was shaped by the covid-19 pandemic and the report highlights how the Foundation adapted to the circumstances, moving its entire staff to remote working, embracing virtual meetings and outreach, and adjusting its standard-setting work plan to accommodate stakeholders. It also features reports by Trustee Chair Erkki Liikanen—including a discussion of the Trustees’ 2020 consultation on sustainability reporting—and International Accounting Standards Board Chair Hans Hoogervorst—in which he reflects on a decade of standard-setting as his tenure comes to an end in June 2020.

Our annual reports can be found below, in PDF format and as inline XBRL and XBRL files.