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.
In this webcast, Yousouf Hansye and Wenyi Zheng, members of the IASB technical staff, demonstrate how the International Accounting Standards Board has applied the alignment principles in requesting views on how the IFRS for SMEs Standard should be aligned with IFRS Standards in the scope of this review.
The Request for Information seeks views on whether and how to align the IFRS for SMEs Standard with full IFRS Standards.
The webcast is the third in the series of web presentations to help stakeholders as they prepare to submit their comments on the Request for Information. The slide deck of this webcast can be found here.
This webcast can also be accessed on our YouTube channel, along with other webcasts and podcasts.
We will discuss the alignment of major IFRS Standards in our forthcoming webinar in August and provide opportunities for questions.
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