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).
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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.
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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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About
This glossary is extracted from the most recently published International Financial Reporting Standards and International Accounting Standards. These Standards were issued by the International Accounting Standards Board (Board) or its predecessor, the International Accounting Standards Committee. References are by Standard and paragraph number or Standard and appendix letter.
The glossary also contains extracts from the Conceptual Framework for Financial Reporting (the Conceptual Framework). References to the Conceptual Framework are preceded by CF.
References set out in (brackets) indicate minor variations in wording.
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