The IFRS Foundation supports academia and professional accounting institutes with equipping students to apply principle-based standards issued by the International Accounting Standards Board (IASB). More information about our resources for academics is available here.
Because the IFRS Foundation is a relatively small organisation with limited resources, we are unable to respond to enquiries from individual students. However, we have compiled the following responses to frequently asked questions we receive from students.
To assess progress towards our goal of a single set of global accounting and sustainability disclosure Standards, we are developing and posting profiles about the use of IFRS Standards in individual jurisdictions. Each completed profile explains for a particular jurisdiction, whether IFRS Standards:
- are required or permitted;
- apply to public companies only, or also to all or some private companies; and
- are applied in consolidated financial statements only, or also in individual company financial statements.
The completed profiles can be accessed here.
Analysis of the use of IFRS Standards around the world is available here.
Click here to visit the Case for Global Standards section of our website.
Click here to view a short video explaining our standard-setting process.
We provide no-cost access to the unaccompanied Standards published annually in our Red Book. Select the Standard or Interpretation you wish to view here.
To access the Standards together with their accompanying documents, such as Illustrative Examples and Bases for Conclusions, requires a subscription.
All the comments that we receive are on public record and are posted on our website unless the respondent has requested confidentiality. To access the comments for:
- a document that is open for comment: select the relevant document here, then click on the tab View the Comment Letters.
- a current project where the document is not open for comment: select the relevant project here, click on the tab Consultation Feedback, select the appropriate consultation document, then click on the tab View the Comment Letters.
- a completed project (that has been moved to the new website): click here, select the relevant project, click on the tab Consultation Feedback, click on the appropriate consultation document, then click on the tab View the Comment Letters.
- a completed project (that is accessible on our archive site): click here, follow the link to the archive site, click on the project name in the left hand column, then view comment letters from relevant project stages.
We are unable to provide analyses of the comments received beyond those already publicly available on our website, such as in staff papers prepared for Board meetings. In particular, we are unable to provide a detailed breakdown of individual comment letters by respondent type or geographical origin.
A short summary of each of our issued Standards is available on this website.
For our more recently issued Standards we have also produced a Project Summary or Project Summary and Feedback Statement. These can be found under Education materials on the Applying the Standards section of our website. Select the relevant Standard here, eg IFRS 16 Leases, then select Education Materials.
Educational material published during the lifecycle of a project includes project overviews, snapshots, webinars and other supporting material; these materials can be found in the relevant Project section of the website (new or archive) and include summaries of consultation documents such as Discussion Papers and Exposure Drafts. To select the relevant project, click here.
Feedback statements are published for all major projects. A feedback statement provides a high-level overview and summary of a major project. It explains how the Board sought input and responded to feedback, and outlines the rationale for decisions taken by the Board.
Click here for a video of IFRS Foundation staff members Peter Clark and April Pitman describing the use of research in the Post-implementation Review of IFRS 8 Operating Segments.
Good quality research can help the Board develop Standards for general purpose financial reporting. To help increase the pool of relevant and timely research prepared by independent researchers, the Board has developed a list of topics that it is likely to find of interest over the next few years. The list can be accessed here.
The IFRS Foundation is not able to provide support to individual students or researchers.
Full-time university students receive a 20 per cent discount on all eligible products. Please email with written documentation from your University confirming your full-time student status and the duration of your course to customerservice@ifrs.org.
The Board encourages research on the topics covered by the Research Programme and the Post-implementation Reviews. However, because the IFRS® Foundation is a not-for-profit entity that is partially publicly-funded, we are unable to provide funding for external research projects.
The following external sources offer funding for research relevant to the Board:
IAAER-KPMG
An ongoing joint IAAER-KPMG project to encourage and fund research to inform the Board’s standard-setting process has, so far, funded four rounds of five proposals each. Those who receive research funding will also receive multiple rounds of feedback from an advisory committee of established researchers and from the Board and staff.
ICAS
The ICAS Research Centre provides funding for research. Applicants can apply to undertake a project following an ICAS call for research or can apply under the ICAS pro-active applications route. For further details click here.
