The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.
IFRS Sustainability Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
The members of the International Accounting Standards Board (IASB) and staff of the IFRS Foundation wish to express their condolences to the family of Thomas (Tom) E. Jones, who died earlier this week.
Tom was one of the leading figures in the history of the IASB. After serving as Chair of the IASB’s predecessor body, the IASC, Tom became the first Vice-Chairman of the organisation from its inception until 2011, working alongside former Chair Sir David Tweedie during a period of widespread adoption of IFRS Standards around the world.
Tom’s work as an accounting standard-setter followed a successful career in investment banking, holding senior positions at Citicorp for more than two decades. In 2007, Financial Executives International recognised his career achievements by inducting him into the FEI Hall of Fame.
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