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).
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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The IFRS Foundation Trustees have reappointed Zach Gast and Bruce Mackenzie to serve second terms as members of the International Accounting Standards Board (IASB).
The Trustees are responsible for the governance of the Foundation and oversight of its standard-setting boards—the IASB and the International Sustainability Standards Board (ISSB).
Mr Gast’s second term will end 31 July 2028 and Mr Mackenzie’s second term will end 30 September 2030.
The Trustees have also extended Nick Anderson’s second term by two years to the maximum five years, ending 31 August 2027.
The Trustees reappointed the members after a thorough process designed to ensure that the IASB comprises people that will be strong contributors to the IASB’s work plan and that come from varied professional and geographical backgrounds.
The requirements for the composition of the standard-setting boards are set out in the IFRS Foundation’s Constitution.
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