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 HTML and 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.
You will also get access to the IFRS Sustainability Disclosure Standards and their related materials.
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).
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 IFRS Foundation has published its eighth Compilation of Agenda Decisions by the IFRS Interpretations Committee (Interpretations Committee) from November 2022 to April 2023.
This Compilation includes the Agenda Decision Definition of a Lease—Substitution Rights which relates to IFRS 16 Leases.
You can view each agenda decision by publication date on the supporting consistent application of IFRS Accounting Standards page.
The Interpretations Committee works with the International Accounting Standards Board in supporting the consistent application of IFRS Accounting Standards.
The Interpretations Committee receives queries about how to apply IFRS Accounting Standards. Once the Interpretations Committee completes its analysis, and after public consultation, it publishes an agenda decision if it concludes that a standard-setting project should not be added to the work plan.
Agenda decisions report the Interpretations Committee’s decision and, in many cases, also include material that explains how the relevant principles and requirements in IFRS Accounting Standards apply to the issue described in the agenda decision.
For further information about the Interpretations Committee and its work, please visit the Interpretations Committee page.
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