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 continues to share global concerns about the impact of the coronavirus (covid-19) pandemic and is monitoring developments guided by public health authorities.
Since early March we have held all our meetings remotely, with observers and participants alike videoconferencing in. Given the global nature of our organisation and the people who contribute, we have decided to continue with this process and all meetings with advisory and consultative groups will be held remotely until the end of 2020.
We are integrating UK Government guidelines on returning to work, and some UK-based members and staff might participate in Board and IFRS Interpretations Committee meetings from the office subject to social distancing requirements. However, all observers will need to continue accessing these meetings remotely.
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