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The IFRS Foundation sets standards used globally for financial reporting that improve the communication between companies and investors. We are an independent, not-for-profit organisation founded on the belief that better information from companies leads to better investment decisions. Our standards—called IFRS Standards—boost transparency, comparability and trust in financial reporting.
Mission statement
Our mission is to develop high-quality IFRS Standards that bring transparency, accountability and efficiency to capital markets around the world.
Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
Our values
We serve the public interest—to deliver our mission, we act with integrity, transparency and accountability.
We deliver as one—we deliver as one Foundation, connected by our shared commitment to our mission and goals.
We shape the future—we help shape the future of financial reporting to enable a sustainable and resilient global economy.
We thrive together—we create a supportive environment for all colleagues to do their best work and thrive.
IFRS Accounting
Since its creation in 2001, the IFRS Foundation has transformed the global landscape of financial information by introducing IFRS Accounting Standards developed by the International Accounting Standards Board (IASB). The Standards have in effect become the global language of financial statements—trusted by investors worldwide and required for use by more than 140 jurisdictions. We are continually developing and improving the Standards.
IFRS Sustainability
Responding to the need for consistent and comparable sustainability information to inform economic and investment decisions, in 2021 the IFRS Foundation created the International Sustainability Standards Board (ISSB) which operates alongside the IASB. The ISSB develops IFRS Sustainability Disclosure Standards, designed to deliver a truly global baseline of sustainability disclosures to inform capital markets. Over 1,000 companies have referenced the ISSB in their reports and 30 jurisdictions are making progress towards introducing ISSB Standards in their legal or regulatory frameworks.
The importance of due process and transparency
IFRS Accounting Standards and IFRS Sustainability Disclosure Standards are developed using the same rigorous, inclusive, and transparent due process. The two boards ensure their work is connected and the Standards can be used effectively together, so that companies also connect their sustainability disclosures with the information in the financial statements. In working together, the IASB and ISSB build on integrated reporting and management commentary concepts.
