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 International Accounting Standards Board (Board), in conjunction with the European Accounting Association (EAA), held a virtual research seminar on 10 July 2020, which provided an overview of the Board’s Exposure Draft General Presentation and Disclosures and relevant academic literature.
The proposals in this project affect everyone applying IFRS Standards, and their aim is to improve communication in the financial statements, with a focus on the statement of profit or loss.
The session obtained feedback from academics on the proposals and discussed relevant academic evidence. It was moderated by EAA President Thorsten Sellhorn, with presentations from technical staff members, followed by Q&As with staff and Board Members Tom Scott and Ann Tarca.
Access the recording of the seminar below. This video is also available on our YouTube channel, which has a dedicated Primary Financial Statements playlist.
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