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).
Why have global accounting and sustainability standards? What benefits do they bring to the world economy?
Discover more about the adoption process for IFRS Accounting Standards, and which jurisdictions have adopted them and require their use.
Access our Standards, Interpretations and related materials here. If you register with us for a free acccount, you can access HTML and PDF files of this year's consolidated IFRS Accounting Standards, IFRIC Interpretations, the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available translations of Standards.
You will also get access to the IFRS Sustainability Disclosure Standards and their related materials.
What do we do once we’ve issued a Standard? We undertake various activities to support the consistent application of IFRS Standards, which includes implementation support for recently issued Standards. We do this because the quality of implementation and application of the Standards affects the benefits that investors receive from having a single set of global standards.
The work plan includes all projects undertaken by the IFRS Foundation Trustees, the International Accounting Standards Board (IASB), the International Sustainability Standards Board (ISSB) and the IFRS Interpretations Committee. Public consultations are a key part of all our projects and are indicated on the work plan.
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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
On 26 June 2023 the ISSB issued its inaugural standards—IFRS S1 and IFRS S2—ushering in a new era of sustainability-related disclosures in capital markets worldwide.
The Trustees of the IFRS Foundation have a committee—the DPOC—which is responsible for overseeing the due process procedures of the International Accounting Standards Board IASB) and its Interpretations Committee and the International Sustainability Standards Board (ISSB).
The due process comprises the requirements followed by the IASB and the ISSB and the IFRS Interpretations Committee relating to standard-setting, the development of materials to support the consistent application of IFRS Standards, and the IFRS Accounting Taxonomy and the IFRS Sustainability Disclosure Taxonomy.
The process laid out in the Constitution and developed in consultation with stakeholders acts as a detailed ‘contract’ between the IFRS Foundation and its stakeholders. This ‘contract’ is described in detail in the Due Process Handbook.
The Due Process Handbook was last updated in 2020 before the ISSB was established. As described here, the requirements specified in the Handbook for the IASB also apply to the ISSB.
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