National standard-setters and regional bodies (NSS) are important partners in our work to achieve the G20-endorsed objective of global accounting standards. The relationship brings benefits to both parties:
The IASB benefits from working with NSS through their:
NSS benefit by:
We encourage NSS involvement in the following programmes:
We encourage NSS to collaborate in our research programme and our standard-setting activities. Specifically we encourage NSS to respond to due process documents by providing comment letters, and to undertake outreach to better understand the effects of proposed new Standards in their jurisdictions.
NSS are well placed to support consistent application by organising local events (such as conferences, workshops and meetings with stakeholder groups) that we can support.
There are various national and regional forums that NSS can get involved in, some of which are organised by us and others organised independently.
NSS forums include:
ASAF is a consultative body to the Board, providing a forum for in-depth technical discussions. Members of ASAF serve for a three-year period. ASAF meets in London with representatives of the Board, four times a year for two days. Find out more about ASAF here.
World Standard-Setters is our conference for the worldwide community of NSS. The conference is held once a year in London, normally in September and provides an opportunity for NSS to meet with our Board members and staff, and a forum to meet with other NSS from around the world. Find out more about WSS conferences here.
The EEG aim is to enhance the participation of emerging economies in the development of Standards. The EEG focuses on the application of Standards. EEG meetings are held twice a year and are hosted by the EEG members. Find out more about the EEG here.
We offer regular updates to NSS via webinars. These events provide a further opportunity for NSS to engage with us.
IFASS is an independent grouping of NSS from around the world, plus other organisations that have a close involvement in financial reporting issues. It is independent from the IFRS Foundation and currently chaired by Liesel Knorr. Read the charter of mutual co-operation with IFASS here.
The IFRS Foundation encourages NSS to participate in standard-setting communities organised on a regional basis. The regional communities are:
Our NSS newsletter is dedicated to keeping National Standards-setters up to date on the relevant activities of the International Accounting Standards Board and the IFRS Foundation.
The following is a summary of resources that may be useful to NSS:
The IFRS Foundation website provides a wealth of resources to NSS. We recommend that NSS familiarise themselves with the following sections:
The IFRS Foundation would like to thank the following people for taking part: Felipe Peréz Cervantes, Linda Mezon, Christina Ng, Jim Obazee, Kris Peach, Bee Leng Tan and Andrew Watchman.
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