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).
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Discover more about the adoption process for IFRS Accounting Standards.
Access our Standards, Interpretations and related materials here. If you register with us for a free acccount, you can access PDF files of this year's consolidated IFRS Accounting Standards, IFRIC Interpretations, the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available translations of Standards.
What do we do once we’ve issued a Standard? We undertake various activities to support the consistent application of IFRS Standards, which includes implementation support for recently issued Standards. We do this because the quality of implementation and application of the Standards affects the benefits that investors receive from having a single set of global standards.
The work plan includes all projects undertaken by the IFRS Foundation Trustees, the International Accounting Standards Board (IASB), the International Sustainability Standards Board (ISSB) and the IFRS Interpretations Committee. Public consultations are a key part of all our projects and are indicated on the work plan.
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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
The ISSB will deliver a global baseline of sustainability disclosures to meet capital market needs.
The IFRS Foundation has today published its annual report and audited financial statements for the year ended 31 December 2020.
This year’s report showcases the resilience and responsiveness of the International Accounting Standards Board, the Foundation’s staff and the Trustees in their efforts to deliver on the mission to bring transparency, efficiency and accountability to the world’s capital markets.
2020 was shaped by the covid-19 pandemic and the report highlights how the Foundation adapted to the circumstances, moving its entire staff to remote working, embracing virtual meetings and outreach, and adjusting its standard-setting work plan to accommodate stakeholders. It also features reports by Trustee Chair Erkki Liikanen—including a discussion of the Trustees’ 2020 consultation on sustainability reporting—and International Accounting Standards Board Chair Hans Hoogervorst—in which he reflects on a decade of standard-setting as his tenure comes to an end in June 2021.
In addition to the PDF version of the report, an inline XBRL version of the report and XBRL files, prepared using the IFRS Taxonomy, are available for those who prefer to receive financial data in an electronically tagged format.
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