We know that you're busy, and it’s not always easy to allocate time to non-revenue-generating work. That’s why there are different ways for you to get involved with our work, both directly with us and also through participation in other international, regional and national groups.
Get involved by volunteering
Respond to our public consultations
Details of proposals that are currently open for comment can be found here. We also typically run outreach activities with investors and analysts on our major projects that are open to comment.
Submit a question to the IFRS Interpretations Committee
The Committee is the interpretative body of the IASB and works with the Board in supporting the application of our Standards. To find more about submitting a question click here.
Become a member of the IFRS Advisory Council
The Council meets three time a year and provides strategic advice to the IFRS Foundation. Further details about the Council can be found here.
Influence our work plan
Every five years we undertake an Agenda Consultation to seek the views of investors and other stakeholders to help the Board develop its work plan. This is an important opportunity to influence our work. The next consultation began in 2020— register your interest in participation here.
Join our consultative group for users, the Capital Markets Advisory Group
There are three meetings each year with members drawn from a variety of industry and geographical backgrounds. Further information about CMAC can be found here.
Join the IFRS Interpretations Committee
The Committee is the interpretative body of the IASB and works with the Board in supporting the application of our Standards. You could also become a member of the Committee. To find more about the Interpretations Committee click here.
Get involved by joining our organisation
Become an IASB Member
The Board is responsible for the development and publication of IFRS Standards. You do not need to be a accountant to become a Board Member—the Board combines recent practical experience in setting accounting standards, in preparing, auditing, or using financial reports, and in accounting education. Most Board members work on a full-time basis for the IFRS Foundation. Further details about the Board can be found here.
Join our team as a member of staff
Job opportunities at the IFRS Foundation are wide-ranging and not limited to technical accountants. Most of our roles are permanent appointments; some are filled on a one or two year basis; some are undertaken by secondees from industry or the accounting profession. For further information go to our Careers page.
Here are some of the the regional, international and individual country organisations through which investors influence our work.
Regional and international organisations
The CRUF is a discussion group that was established in 2005. It was set up for learning about and responding to the many accounting and regulatory changes that affect corporate reporting.
CRUF participants include buy-side and sell-side analysts, credit ratings analysts, fund managers and corporate governance professionals. The forum includes individuals with global or regional responsibilities from around the world. The CRUF meets in Australia, Canada, France, Germany, Hong Kong, India, Japan, New Zealand, South Africa, UK and USA. Its mission is to put the user back into the heart of the evolution of the corporate reporting model. For further information about the CRUF, go to the website.
Established in 1995 as an investor-led organisation, the ICGN's mission is to promote effective standards of corporate governance and investor stewardship to advance efficient markets and sustainable economies worldwide.
ICGN has five policy committees, each aligning with one of their policy priorities. The Disclosure and Transparency Committee seeks to influence policymakers and other stakeholders to enhance company transparency through robust reporting, audit and metrics. The Committee responds to regulatory consultations, producing and promoting ICGN Guidelines, Viewpoints and other relevant, ad hoc projects.
Specific topics include accounting issues, audit quality, integrated reporting, and ESG disclosure. Our policy positions are guided by the ICGN Global Governance Principles and Global Stewardship Principles, which are implemented by:
- Influencing policy by providing a reliable source of investor opinion on governance and stewardship;
- Connecting peers at global events to enhance dialogue between companies and investors around long-term value creation; and
- Informing dialogue through education to enhance the professionalism of governance and stewardship practices.
For further information about the ICGN or ICGN’s Disclosure and Transparency Committee, please go to the website.
Individual country organisations, organised by region
Australian Accounting Standards Board (AASB)
The AASB's User Advisory Committee (UAC) is an expert user panel formed in 2019. The UAC comprises of analysts, investors, ratings agencies, fund managers, and investor relations professionals that have extensive experience in using financial information in the course of their professional work. The UAC provides the AASB with input, recommendations, and feedback pertaining to the development of International Financial Reporting Standards and Australian Accounting Standards and raises current application issues.
The Australian Accounting Standards Board also has a user amongst its members and is responsible for developing standards used by for-profit and not-for-profit entities, including public sector entities, and influencing the development of IFRS Standards.
For further information about the work of the Board and its members, please visit the website.
Accounting Standards Board of Japan (ASBJ)
The ASBJ includes several users amongst its Board members. The ASBJ is responsible for developing Japanese GAAP and responding to due process documents issued by the IASB and other standard-setters. Most of the issues deliberated by the ASBJ are discussed by one or more of the ASBJ’s Technical Committees. Technical Committees comprise members from various backgrounds, and all Technical Committees have at least one member with a user background.
The ASBJ also has regular meetings with the Security Analysts Association of Japan (SAAJ). For further information about the ASBJ, please visit the website.
Securities Analysts Association of Japan
The Association was founded on 15 October 1962, supported by securities companies, banks, insurance companies, trust banks, and other related companies soon after two delegations of US securities analysts had visited Japan to research Japanese industries and securities markets when Japan was experiencing rapid economic growth. To learn more about the SAAJ click here.
The Corporate Accounting Committee (CAC) is a standing committee of the SAAJ comprised of 12 members, most of whom are financial statement users including equity and credit analysts and portfolio managers while a few are academicians and public accountants. The CAC actively follows the developments of corporate accounting rules and regulations in order to present opinions from the viewpoint of securities analysts who are the main users of financial statements. Click here to learn more about the Committee.
Malaysian Accounting Standards Board (MASB)
The MASB includes a number of users, including analysts and rating agencies in its working committees. These include the MFRSs Application and Implementation Committee (MAIC) and the MASB Interpretations Committee. The MASB was established under the Financial Reporting Act 1997 as the standard-setting body of the Financial Reporting Foundation whose functions shall be the determination and issuance of accounting standards for the preparation of financial statements which are required to be prepared or lodged under any law administered by the Securities Commission Malaysia, the Central Bank or the Registrar of Companies.
Further information about the work of the MASB and its members is available here.
External Reporting Advisory Panel (XRAP)
The External Reporting Board (XRB), the parent body of the New Zealand Accounting Standards Board (NZASB), established the External Reporting Advisory Panel in 2012 as part of its strategy to enhance engagement with stakeholders. The XRAP consists of 15-20 members who are individuals, or representatives of organisations, interested in the development of high-quality accounting standards and auditing and assurance standards.
The membership reflects a wide cross-section of the financial reporting community, including users, preparers, auditors, regulators and academics. The XRAP operates independently of the XRB and its sub-Boards. It meets twice a year, usually in March and September, and provides input into standard-setting projects when appropriate. More information on the XRAP can be found here.
New Zealand Accounting Standards Board (NZASB)
The NZASB is responsible for the development and issue of accounting standards for general purpose financial reporting in New Zealand, across the business, government and not-for-profit sectors. The NZASB seeks feedback from users of financial statements during the development of accounting standards, guidance or other material. The NZASB engages with users in various ways, including through public outreach events and webinars.
The NZASB is always interested in hearing from users that would like to be involved in the standard-setting process. More information about the work of the NZASB and its members can be found here.
European Federation of Financial Analysts Societies (EFFAS)
EFFAS is a non-for-profit organisation established in 1962. EFFAS comprises eighteen European investment professionals' societies representing more than fifteen thousand investors and financial analysts. Assets, pension funds and risk managers as well as corporate finance specialists and treasurers are also represented.
EFFAS' mission is to set standards for the finance industry and requirements for investment professionals. EFFAS encourages developing independent economic and financial research while aiming at becoming a European reference for training and qualification programs. EFFAS has published a European code of Ethics providing guidelines for the ethical and professional conduct of its members. For further information about the work of the Board and its members, please visit the website.
European Financial Reporting Advisory Group (EFRAG)
The EFRAG User Panel provides input, from a user perspective, on important and topical accounting issues that EFRAG's Technical Expert Group (EFRAG TEG) is considering. The EFRAG User Panel has three physical meetings in Brussels combined with three conference calls in between the meetings.
EFRAG is calling on the user community to be involved in EFRAG’s activities. Investors have an important role to play in improving the quality of financial reporting and ensure that IFRS provide investors and other capital providers (users of financial statements) with the information they need to support investment decisions and build trust in the capital markets. Here is a short brochure setting out why users should be involved and how they can be involved.
Investment Association (IA)
The IA is the representative body for the UK asset management industry. Its 250 members range from small, independent UK investment firms to European and global investment managers with a UK base. Collectively, they manage over £7.7 trillion for savers and institutions, such as pension schemes and insurance companies, in the UK and beyond. That is 13% of the £59 trillion global assets under management.
In managing assets for both retail and institutional investors, the IA's members are major long-term investors that provide companies with capital, both equity and debt, and as such are the primary users of a company's annual report and accounts. The accounts or financial statements are an important source of information for investors in helping them make investment decisions and hold management to account for its stewardship of their capital. Our members invest internationally and compare companies across the globe. They want a company's financial statements to be transparent and comparable, and prepared under standards which are applied consistently internationally. This helps ensure that the capital markets operate efficiently internationally and attract international investment.
The IA set up the Company Reporting and Auditing Group (CRAG) which is the main UK grouping of buy side institutional investors that specifically focuses on accounting and auditing issues. Its members comprise investors from the main asset management houses and pension funds, together with the secretariats of the Pensions and Lifetime Savings Association and Investment Association. CRAG aims to improve corporate reporting so that it meets the needs of institutional investors and provides input to the IA's responses on corporate reporting matters.
For more information, visit the website.
Canadian Accounting Standards Board (AcSB)
The AcSB established a User Advisory Council in October 2004 to increase financial statement user participation in the accounting standard-setting process. The purpose of the Council is to assist the AcSB in understanding how users, including investors and investment professionals, credit granters in financial institutions, equity and credit analysts, and rating agencies, use financial information.
The Council is also intended to assist the AcSB by providing advice on standard-setting priorities, and on specific agenda projects. For further information about the User Advisory Council, please visit the website.