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The IFRS Foundation was founded in the belief that better information supports better decisions. Our purpose is to empower people with the right information to support better economic and investment decision-making.
Mission statement
Our mission is to develop high-quality IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world.
Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
IFRS Accounting
Since its creation in 2001, the IFRS Foundation has transformed the global landscape of financial information by introducing IFRS Accounting Standards developed by the International Accounting Standards Board (IASB). The Standards have in effect become the global language of financial statements—trusted by investors worldwide and required for use by more than 140 jurisdictions. We are continually developing and improving the Standards.
IFRS Sustainability
Responding to the need for consistent and comparable sustainability information to inform economic and investment decisions, in 2021 the IFRS Foundation created the International Sustainability Standards Board (ISSB) which operates alongside the IASB. The ISSB develops IFRS Sustainability Disclosure Standards, designed to deliver a truly global baseline of sustainability disclosures to inform financial markets.
The importance of due process and transparency
IFRS Accounting Standards and IFRS Sustainability Disclosure Standards are developed using the same rigorous, inclusive, and transparent due process. The two boards ensure their work is connected and the Standards can be used effectively together, so that companies also connect their sustainability disclosures with the information in the financial statements. In working together, the IASB and ISSB build on integrated reporting and management commentary concepts.
