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).
Why have global accounting and sustainability standards? What benefits do they bring to the world economy?
Discover more about the adoption process for IFRS Accounting Standards, and which jurisdictions have adopted them and require their use.
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.
Read our latest news, features and press releases and see our calendar of events, meetings, conferences, webinars and workshops.
We offer a broad range of products and premium services, including print and digital editions of the IFRS Foundation's major works, and subscription options for all IFRS Accounting Standards and related documents. Every purchase contributes to the independence and funding of the IFRS Foundation and to its mission.
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.
You need to Sign in to use this feature
The G20 Finance Ministers and Central Bank Governors met in Bengaluru, India on 24-25 February 2023 and have published a summary of discussions.
The G20 met under the Indian Presidency’s theme of 'One Earth, One Family, One Future' and committed to enhancing international policy cooperation and to steering the global economy towards securing strong, sustainable, balanced and inclusive growth.
The meeting summary noted the G20:
[L]ooks forward to the early finalization of standards by the International Sustainability Standards Board (ISSB) for climate-related financial disclosures, and its work beyond climate.
The summary also referred to the related G20 Finance Track workstream:
[The] FSB, in coordination with the ISSB and IOSCO, [is] to prepare a report on the progress of jurisdictions and firms on climate-related financial disclosures by October 2023.
Commenting on the G20 meeting summary, IFRS Foundation Trustee Chair Erkki Liikanen said:
We are grateful for the G20’s statement and encouragement for our work. We will continue our close cooperation with the Financial Stability Board, IOSCO and others to support the widespread adoption of ISSB Standards once they are issued later this year.
Following international policy and market demand, the ISSB is developing—in the public interest—standards that will result in a high-quality, comprehensive global baseline of sustainability disclosures focused on the needs of investors and the financial markets. Its initial two standards, covering general requirements and climate, will be issued towards the end of Q2 2023.
You need to Sign in to use this feature
Your action was not processed, please try again later
IFRS Foundation cookies
Essential cookies are required for the website to function, and therefore cannot be switched off. They include managing registrations.Cookie details
We use analytics cookies to generate aggregated information about the usage of our website. This helps guide our content strategy to provide better, more informative content for our users. It also helps us ensure that the website is functioning correctly and that it is available as widely as possible. None of this information can be tracked to individual users.Cookie details
Preference cookies allow us to offer additional functionality to improve the user experience on the site. Examples include choosing to stay logged in for longer than one session, or following specific content.Cookie details