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Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.
IFRS Sustainability Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
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IFRS Foundation Education Director Matt Tilling together with the Chair and Vice-Chair of the International Accounting Standards Board (Board), Hans Hoogervorst and Sue Lloyd, discuss the July meeting of the Board.
They provide an update on the latest developments on IFRS 17 Insurance Contracts, including the Financial Stability Board’s statement on the Standard. They also talk about some of the materials the IFRS Foundation is making available to help companies prepare for the implementation of the Standard and provide an overview of investor feedback on the new accounting requirements.
Sue also talks about the Board’s lively discussion about the Materiality Practice Statement and the Board’s plans to issue a minor amendment to IFRS 9 Financial Instruments.
Hans summarises the education sessions on goodwill and impairment and rate-regulated activities.
Listen to the podcast here. You can also sign up to receive future podcasts here.
The full summary of the Board meeting can be found here.
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