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The International Financial Reporting Standards (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. IFRS Accounting Standards are trusted by investors and companies worldwide and required for use by more than 140 jurisdictions.

The Foundation established the International Accounting Standards Board (IASB) in 2001 and the International Sustainability Standards Board (ISSB) in 2021. Both boards consist of independent experts from different parts of the world with an appropriate mix of practical experience in setting standards, in preparing, auditing, or using financial / sustainability reports, and in education. Board members are appointed by the Trustees of the IFRS Foundation. A Monitoring Board provides a formal link between the Trustees and public authorities in order to enhance the public accountability of the IFRS Foundation.