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Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
On 26 June 2023 the ISSB issued its inaugural standards—IFRS S1 and IFRS S2—ushering in a new era of sustainability-related disclosures in capital markets worldwide.
The Trustees of the IFRS Foundation, who are responsible for the oversight and governance of the International Accounting Standards Board (Board), have appointed Renata Bandeira, Sophie Massol, Jon Nelson and Donné Sephton to the IFRS Interpretations Committee.
The IFRS Interpretations Committee (Committee) works with the Board in supporting the consistent application of IFRS Standards. In particular, the Committee responds to application questions from stakeholders by publishing agenda decisions to explain how IFRS Standards apply to particular fact patterns. If required to do so, the Committee also develops interpretations (called IFRIC Interpretations) or proposes that the Board amends the Standards.
Renata Bandeira is the Accounting and Tax Director at GOL Linhas Aéreas Inteligentes in Brazil. She has more than 20 years of experience in accounting, including more than a decade of service as an auditor at Deloitte. She has advised numerous companies on the adoption of IFRS Standards.
Sophie Massol is Head of Group Accounting Policies at AXA in France with responsibility for matters relating to IFRS Standards. She is a member of the Board’s Transition Resource Group for IFRS 17 Insurance Contracts and is on EFRAG’s Insurance Accounting Working Group.
Jon Nelson is Vice President and Corporate Controller at Fiat Chrysler Automobiles in the United States. He was formerly a Partner at PwC with responsibility for its US Capital Markets and Accounting Advisory Services Automotive practice. Earlier in his career, he was a Practice Fellow at the IFRS Foundation where he led the project on fair value measurement.
Donné Sephton is Head of Advisory Services at FirstRand in South Africa. She has applied her technical expertise to IFRS Standards for more than 18 years. She is also a member of the South African Institute of Chartered Accountants’ Banking Project Group.
All appointments took effect from 1 July 2020 and are for a three-year period.
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