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.
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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 International Accounting Standards Board (IASB) has published its Third Agenda Consultation Feedback Statement and Snapshot, outlining its priorities for the next five years.
The Trustees of the IFRS Foundation have appointed Tae-Young Paik and Elizabeth Seeger as inaugural members of the International Sustainability Standards Board (ISSB).
The Trustees of the IFRS Foundations have announced the appointment of Yanli Liu and the reappointments of Lisa Bomba, Jens Freiberg, Karsten Ganssauge and Brian O’Donovan to the Interpretations Committee.
A summary of the conference provides an overview of the various discussions that transpired during this event.
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