IFRS Foundation

E453759

The IFRS Foundation is an independent, non-profit organization responsible for developing and promoting International Financial Reporting Standards used globally in financial reporting.

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Statements (48)

Predicate Object
instanceOf independent organization
non-profit organization
standard-setting body
abbreviation IFRS Foundation NERFINISHED
collaboratesWith International Organization of Securities Commissions NERFINISHED
country United Kingdom
developsStandard IFRS Accounting Standards NERFINISHED
IFRS Sustainability Disclosure Standards NERFINISHED
International Financial Reporting Standards NERFINISHED
field accounting standards
financial reporting
sustainability reporting standards
formerName International Accounting Standards Committee Foundation NERFINISHED
foundedBy International Accounting Standards Committee NERFINISHED
fundingSource contributions from jurisdictions
self-generated income from publications and services
governedBy IFRS Foundation Trustees NERFINISHED
hasObjective to bring about convergence of national accounting standards and IFRS Standards
to promote the use and rigorous application of IFRS Standards
to require high-quality, transparent and comparable information in financial statements
to take account of the needs of emerging economies and small and medium-sized entities
hasOrgan IFRS Advisory Council NERFINISHED
IFRS Foundation Monitoring Board NERFINISHED
IFRS Interpretations Committee NERFINISHED
hasPolicy due process for standard-setting
headquartersLocation London, United Kingdom NERFINISHED
language English
legalStatus not-for-profit corporation
missionStatement to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world
name IFRS Foundation NERFINISHED
operatesOnPrinciple public interest
overseesBody IASB NERFINISHED
ISSB NERFINISHED
International Accounting Standards Board NERFINISHED
International Sustainability Standards Board NERFINISHED
purpose development of high-quality global accounting standards
enhancement of comparability in financial reporting
enhancement of transparency in financial reporting
promotion of International Financial Reporting Standards
protection of investors and other participants in the world’s capital markets
regionServed worldwide
regulates IFRS trademark
scope global
subjectOf IFRS Constitution NERFINISHED
website https://www.ifrs.org
worksWith international financial institutions
national standard-setters
securities regulators

Referenced by (2)

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IFRS overseenBy IFRS Foundation