More than 150 delegates from 71 countries and jurisdictions joined the IFRS Foundation (Foundation) at its 25th World Standard-setters (WSS) Conference on 29–30 September 2025. National standard-setters attended in London and online to hear from a range of speakers who specialise in accounting and sustainability reporting.
Inside the Foundation
IFRS Foundation Managing Director Michel Madelain kicked off the conference with an update on the Foundation’s efforts to ensure that it has the appropriate resources, governance and operational processes to deliver its mission.
International Accounting Standards Board (IASB) Vice-Chair Linda Mezon-Hutter and IASB Executive Technical Director Nili Shah gave an update on the IASB’s recent activities.
International Sustainability Standards Board (ISSB) Vice-Chair Sue Lloyd and ISSB Executive Technical Director Bryan Esterly gave an update on the ISSB’s recent activities.
Plenary session—What IFRS 19 and the IFRS for SMEs Accounting Standard mean for global reporting
IASB member Bruce Mackenzie and IASB technical staff explored in this session how the third edition of the IFRS for SMEs Accounting Standard and IFRS 19 Subsidiaries without Public Accountability: Disclosures respond to global financial reporting needs. Participants learned about the benefits of both Standards for the financial reporting ecosystem.
Panel discussion—Implementation of IFRS 18 Presentation and Disclosure in Financial Statements
IASB member Patrina Buchanan moderated a panel discussion with national standard-setters from Africa, Asia-Oceania, Europe and Latin America, who shared experiences from around the world regarding the expected effects of implementing IFRS 18.
Breakout sessions
The conference included breakout sessions on:
- The IASB’s financial instruments projects;
- Consistent application of IFRS Accounting Standards;
- Proposed amendments to the SASB Standards;
- The ISSB’s research projects; and
- Disclosures about climate-related transition plans.
For an overview of the breakout sessions, watch Welcome back—Report back from breakout sessions on Day 1, which is available on the World Standard-setters Conference 2025 webpage.
Other topics
In three optional early bird breakout sessions, participants had an opportunity to learn about:
The conference proved to be an excellent platform for networking and exchanging insights on corporate reporting. Our ongoing collaboration with national standard-setters is instrumental in identifying key challenges, shaping our globally recognised Standards and ensuring stakeholder perspectives are well represented. The Foundation looks forward to reconnecting with national standard-setters at the next World Standard-setters Conference in September 2026.
Followable tags
IFRS 7 Financial Instruments Disclosures
IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 19 Subsidiaries without Public Accountability Disclosures
IFRS Practice Statement 1 Management Commentary
Conceptual Framework for Financial Reporting
IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
IFRS S2 Climate-related Disclosures
IFRS Foundation strategy and governance
IAS 1 Presentation of Financial Statements
IAS 32 Financial Instruments Presentation
The IFRS for SMEs Accounting Standard
National standard-setter
