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 Advisory Council met on 18–19 September 2019 in London to discuss:
The Advisory Council Chair Joanna Perry's report on the meeting is now available, summarising these discussions.
The Advisory Council is the formal advisory body to the International Accounting Standards Board and the Trustees of the IFRS Foundation. It consists of a wide range of representatives, comprising individuals and organisations with an interest in international financial reporting.
The focus of the Advisory Council is to provide strategic support and advice to the IFRS Foundation, and it meets in London at least two times a year for a period of two days.
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