This page and the documents it refers to tell you the terms on which you may use our Websites whether as a Guest, Registered User or Subscriber (together “Users”). Use of our Websites includes accessing Content, browsing or registering to use our Websites and/or purchase our Products.
By accessing our Websites or any Content (including downloadable content) or purchasing any Products you agree to be bound by these Terms and Conditions and our Privacy and Cookies Policy. Where terms are capitalised you will find their definitions at the end of these Terms and Conditions. These Terms and Conditions, together with our Privacy and Cookies Policy and any other applicable terms and conditions referred or linked to in these Terms and Conditions constitute the Agreement between you and the IFRS Foundation.
If you do not agree to these Terms and Conditions, please refrain from using our Websites, downloading any Content or purchasing Products.
We aim to update our Websites regularly and may change the Content and/or these Terms and Conditions at any time. We may notify you of changes when you access some parts of the Websites and you may be required to accept the revised Terms and Conditions if you continue using those parts of the Websites. When ordering Products please check the current Terms and Conditions and any other applicable terms specified below. In other instances where you use the Websites, you will need to check back regularly for any changes.
1. Information about the IFRS Foundation
|ifrs.org is a site operated by the IFRS Foundation (described in these Terms and Conditions as IFRS Foundation, us and we). We are a not for profit corporation incorporated in the State of Delaware USA with our Registered Office at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, USA under company registration number 0152527. We have office in several locations. We operate in England and Wales as an overseas company under company number FC023235. Our VAT registration number is GB 524 4184 60
|The IFRS Foundation produces IFRS Standards as issued by the International Accounting Standards Board and the International Sustainability Standards Board. It is important that we preserve our Intellectual Property Rights and that we maintain the strength of the IFRS Foundation’s brand in order to facilitate the global use and recognition of IFRS Standards in line with our objectives.
|In order to register to receive any alerts and communications from us or to subscribe for any of our subscription services featured on the Websites, you will be asked to provide relevant personal information which we need to process your registration. The personal information provided upon registration allows us to deliver our services, as well as allowing us to maintain your account. For information about how we use the personal data we collect from you when you register for any of our Websites see Clause 16 of these Terms and Conditions and our Privacy and Cookies Policy.
3. Intellectual Property
|We are the licensor and/or owner of the Intellectual Property Rights in our Websites and Content. All such rights are reserved.
|You acknowledge that you acquire no copyright or other proprietary rights in any Content provided as it is viewed or received.
|You acknowledge our Intellectual Property Rights where they exist in any material provided.
|You do not have permission to translate, reprint, reproduce, duplicate or use any part of our Websites or Content by any means whether electronic, mechanical or otherwise, either currently known or yet to be invented, except as expressly provided for under these Terms and Conditions. For a list of the official IFRS translations that are available through the Web Shop please click here.
|For the avoidance of doubt the Content remains the copyright of the IFRS Foundation in all countries and in all languages.
|If you are interested in using our Content for Commercial products please contact us at firstname.lastname@example.org and see Clause 6.
|The IFRS Foundation’s logo and the IFRS for SMEs® logo (both shown below), the IASB® logo, the ‘Hexagon Device’ , IAS® , IASB® , ISSBTM, IFRIC® , IFRS® , IFRS for SMEs® , IFRS Foundation® , International Accounting Standards® , International Financial Reporting Standards® , NIIF® , and SIC® are registered Trade Marks of the IFRS Foundation.
|In order to reference us and our work including IFRS Standards you may need to use our Trade Marks. The IFRS Foundation Trade Mark Guidelines set out how our Trade Marks should be used.
|Please note that no right is conferred on any third party to use the IFRS Foundation’s Trade Marks and/or logos to promote any business, product or service. Such use is strictly prohibited without a licence from the IFRS Foundation. If you wish to find out more about our licensing process or for any queries about our Trade Marks and where they are registered please contact us at email@example.com.
|The software that operates our Websites or that is used in any products and services which we may make available via the Websites is the property of the IFRS Foundation or its licensors. You must not copy, reverse engineer, modify or otherwise alter or manipulate this software.
5. Viewing or Using our Websites and Content (including the Web Shop)
|These Terms and Conditions apply equally to all Users of our Websites, their Content or any part thereof. These Terms and Conditions and any Agreement between us are only in the English language.
|If these Terms and Conditions are inconsistent with a Licence Agreement the relevant terms of that Licence Agreement shall prevail in respect of the use of our Websites or any Content.
You must not view or access data, or supply data to any company, firm or individual except as permitted under these Terms and Conditions. In particular:
|Where you are a Subscriber you have the right to reproduce, in hard copy or in electronic format and use, for your internal purposes (and not in the public domain) and throughout the term of your subscription only:
|You must obtain our Prior Written Permission before producing more copies than those permitted in Clause 5.4 or using the Works for one of the purposes set out in Clause 5.3. If you want to seek such permission please contact us at firstname.lastname@example.org.
|Any copies of individual IFRS Standards or Extracts must be accompanied by an acknowledgement in the following form including the date that appears on the IFRS Standard: © [insert date from the applicable IFRS Standard] IFRS Foundation.
|We may prevent or suspend your access to our Websites if you do not comply with these Terms and Conditions or any applicable law.
6. Commercial Products and Services
All rights reserved. Reproduction and use rights are strictly limited. to personal non-commercial use, such as corporate disclosure. Any other use, such as—but not limited to—reporting software, investment analysis, data services and product development is not permitted without written consent.
Please contact the Foundation for further details as follows:
7. Use of IFRS Taxonomy
8. Linking to our Websites
|Subject to the following provisions of this Clause 8 from your own website, you may link:
|You must establish a link in a way that is fair and legal and does not damage our reputation or take advantage of it.
|You must not establish a link in a way that suggests any form of association, approval or endorsement on our part where none exists and/or where we have not provided our Prior Written Permission.
|You must not establish a link from any Website that is not owned by you.
|Our Websites must not be framed on any other Websites.
|We reserve the right to withdraw linking permission without notice.
|Whilst we endeavour to ensure that our Websites is normally available 24 hours a day, we will not be liable if for any reason the Websites or any part thereof, or any Content is unavailable at any time or for any period.
|Access to the Websites may be suspended temporarily and without notice in circumstances of system failure, maintenance or repair or for reasons beyond our control.
|Some areas of our Websites are restricted. In order to access these areas you must be either a Registered User and/ or Subscriber, unless such access is otherwise permitted under a Licence Agreement.
|Access to restricted areas of our Websites may be withdrawn without notice at our sole discretion if we believe that you have breached any provision under Clause 5 of these Terms and Conditions or any terms contained in a Licence Agreement.
|You are responsible for making all arrangements necessary for you to have access to our Websites. You are also responsible for ensuring that all persons who access our Websites through your internet connection are aware of these Terms and Conditions and that they comply with them.
|Access to certain areas of our Websites may require purchase of a subscription.
|Payment for subscriptions must be made in advance and in British Pounds Sterling (GBP).
|If you have paid for access to an area of our Websites which is terminated by us, you may be entitled to a refund or partial refund unless termination was as a result of your failing to comply with these Terms and Conditions.
|Any refund referred to in Clause 10.3 will be calculated by us on a pro rata basis. Different provisions may apply where you are a Customer and you should refer to Clause 11 of these Terms and Conditions.
|If you become entitled to a refund under the provisions of Clause 10.3 we reserve the right, at our sole discretion, to extend your subscription to compensate you for the period during which access was denied instead of providing a monetary refund.
11. Terms where you are a Customer
|The following provisions apply where you are a Customer. You must retain a copy of these Terms and Conditions as a record of the contract between you and the IFRS Foundation.
|Unless one of the exceptions listed below in Clause 11.7 applies, you can cancel your order without giving any reason within 14 days from the day on which you or a third party chosen by you (other than the carrier):
|You must inform us of your decision to cancel your order. You may submit your request by contacting our Customer Service team at email@example.com or using our Order Cancellation Form. We will communicate to you an acknowledgement of receipt by e-mail. You must send any request to cancel an order before the 14 days’ cancellation period has expired and return the Products to the address given on the form or as notified to you in our communication (to our Return Centre)
|For additional information on the scope, content and instructions on how to return Products, please contact our Customer Service team at firstname.lastname@example.org.
|Upon cancellation of any order we will reimburse:
no later than 14 days from the day on which we received your communication cancelling your order within the 14 day period. We will use the same method of payment used for the initial transaction, unless you have expressly agreed otherwise. You will not incur any fees as a result of such reimbursement. We may withhold reimbursement until we have received the Products back or you have supplied evidence of having sent back the Products, whichever is the earliest. If reimbursement occurs after the maximum time period mentioned above, the amount due to you will as of right be increased.
|You must send back the Products in accordance with the instructions provided during or subsequent to your communication to us, or available in the Order Cancellation Form, to our Return Centre no later than 14 days from the day on which you communicated your cancellation. You will have to bear the direct cost of returning these Products unless you have advised us that they are faulty or damaged. You may be liable if the value of the Products returned diminishes due to your handling of the Products.
|The right of cancellation does not apply to:
|If we fail to meet the delivery deadline for any Products (other than by reason of your not being available to accept delivery or where you have provided incorrect information), then you may cancel the order where the failure to meet the delivery deadline was because we refused to deliver the Products, or you told us before we accepted your order that delivery by the delivery deadline was essential.
|The provisions of this Clause 11 do not affect your statutory rights where the Products are faulty or not as described. Where Products are faulty or not as described we will refund the price of the Products in full together with any applicable delivery charges and any reasonable costs you incur in returning the Products to us. You should follow the returns process provided for in this Clause 11.
|If you have any queries about the IFRS Web Shop or Products please contact our Customer Service team at email@example.com.
12. Use of the IFRS Foundation Web Shop
|Our shopping pages will guide you through the steps you need to take to place an order. Our order process allows you to check and amend any errors before submitting your order to us. Please take time to check your order at each stage of the order process. The prices of Products offered by us in our Web Shop are clearly set out on the Websites and do not include, but may be subject to, VAT.
|Products may be delivered by post, by courier or electronically as may be applicable to each sale. Delivery by post may be included in the price or it may be charged for separately - where delivery is charged separately this will be clearly indicated.
|You shall be responsible to us for the accuracy of the terms of any order submitted by you. If by mistake we have under-priced any Products we will not be liable to supply it to you at that price provided we notify you before dispatching the Products.
|We deliver to the countries as listed under “Shipping Information” which can be found by clicking here. Unless expressly stated prices do not include delivery charges but any such charges will be drawn to your attention during the order process prior to your placing your order. Please refer to Shipping Information on the link provided in this Clause. International deliveries (outside of the UK) may be subject to import duties and taxes which are applied when the delivery reaches its destination. Please note that we are not responsible for any such charges. Please contact your local customs office for any queries relating to such charges. You must comply with all applicable laws and regulations of the country for which the Products are destined.
|If for any reason beyond our control we are unable to supply you with a particular Product we will notify you as soon as possible. The IFRS Foundation shall not be liable to supply such Products provided notification is given and a refund provided as soon as practicable.
|No contract of any kind exists between us and a User placing an order until we collect payment for the Products. At any point up to then we may decline to supply the Products without giving you any reason. At the point payment is collected, and not before, an Agreement shall come into existence between the IFRS Foundation and you and we will arrange for dispatch of the Products.
|Once payment has been authorised any electronic publications ordered will be available for downloading generally within one business day from our having processed your order and received payment. It is intended that you will download the electronic publications on the same day but in any event they will only be available for download for 3 months from the date of payment. Subject to Clause 11, claims for non-delivery must be made by no later than the business day following the date on which the electronic publications cease to be available for downloading. Delivery by post will be made to a single address as specified in the order. We will use reasonable endeavours to secure delivery within 30 days of the date of the order (with the exception of advance orders). However, subject to Clause 11 for orders destined for the UK, we will not be liable any for loss occasioned by delay in or failure of delivery arising out of any cause beyond our control.
|Payment may be made by American Express, Visa, or Mastercard credit cards, or any Maestro debit card. Card details will be encrypted to minimise the possibility of unauthorised access or disclosure. Authority for payment must be made at the time of the order.
|Credit, debit or charge card orders exceeding £5000 (GBP) are subject to a 3.75% surcharge on the amount exceeding £5000 (GBP). This amount will be automatically added to your order.
|We may, at our sole discretion, offer discounts to certain groups of customers or on orders of a certain size. These discounts will be clearly displayed on our Websites. Only one discount rate may be applied to any order.
|No variation to these Terms and Conditions shall be binding unless agreed in writing between your and an authorised representative of the IFRS Foundation.
|The provisions of Clause 12 do not apply to purchases of Subscriptions that include services delivered through the internet, nor do they apply to purchases made by bookshops or other businesses, or made by an employee on behalf of a business.
|The following provisions apply if you are a business or you are an employee purchasing Products on behalf of a business. You have the right to cancel your order up to 14 days after the day following delivery of the Products by contacting the Customer Service team at firstname.lastname@example.org.
|If the Products have been dispatched by the time we receive the cancellation notice you must return the Products to us and we will refund the purchase price to your credit or debit card within 30 days of the notice of cancellation.
|If you do not return the Products within 21 days of the date of cancellation we will make a charge in respect of collection and recovery of the Products.
|If you do not make the Products available for collection or recovery within 30 days of your notice of cancellation you will be deemed to have accepted the Products. At that point a new contract will be formed and you will be charged for the Products at the price set out on the Websites.
|Any Products returned to us must be in good resalable condition - if not you will be charged in full for them.
|If for any reason your Products arrive in a damaged or otherwise unsatisfactory condition we will replace them. Please contact our Customer Services Department at email@example.com to arrange the return of the defective Products and dispatch of replacements. Please do not return defective Products to us until requested to do so
|The Content on and/or downloadable material from our Websites or contained in Products or our communications is provided for general information purposes only. It does not constitute accounting or other professional advice. Neither the IFRS Foundation, the International Accounting Standards Board nor the International Sustainability Standards Board nor any other associated entity accepts any responsibility for any loss or damage that may arise from reliance on information contained on or accessible from the Websites. In using any Content, you should take appropriate professional advice as the application of laws and regulations may vary depending on your particular circumstances and/ or jurisdiction
|Whilst we endeavour to ensure that the Websites, Content, Products, and communications are correct we do not make any representations or give any warranties or undertakings, express or implied, regarding the same.
|Subject to Clause 15.1 we disclaim all warranties express and implied to the maximum extent permitted by law.
|We do not warrant or guarantee that our Websites is free of errors, viruses, Trojan horses or other destructive or contaminating components or content. We provide no warranty or guarantee that our Websites are compatible with your computer equipment, and are under no obligation to do so.
|We reserve the right to change, modify, suspend, add, remove or restrict access to our Websites or parts of it at our sole discretion, without prior notice.
|We may at our sole discretion terminate or suspend your access to all or part of the Websites with or without cause and without notice although we will try and notify you beforehand where we are able to.
|Any names of individuals, companies and/or places used in any educational document(s) on the Websites are fictitious and any resemblance to real people, entities or places is purely coincidental.
|Our Websites may contain links to third party Websites that are not controlled by us. We do not accept any responsibility for the content of such Websites.
|Nothing in these Terms and Conditions excludes or limits our liability for death or personal injury arising from our negligence, for fraud or fraudulent misrepresentation, or any other liability that cannot be excluded or limited by law.
|We will not be liable to any User for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with use of, or inability to use, our site, or use of or reliance on any Content displayed on our Websites, or any Products provided on or via our Websites.
|Where you use the Websites for Professional Use, please note that in particular, we will not be liable for loss of profits, sales, business, or revenue; business interruption; loss of anticipated savings; loss of business opportunity, goodwill or reputation; or any indirect or consequential loss or damage.
|Where you are a Customer, please note that we only provide our Websites for domestic and private use. You agree not to use our Websites for any Commercial, business purposes or for Professional Use, and we shall have no liability to you for any loss of profit, loss of business, business interruption, or loss of business opportunity.
|We will not be liable for any loss or damage caused by a virus, distributed denial-of-service attack, or other technologically harmful material or event that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our site, the downloading of any content, or on any Websites linked to it.
|We assume no responsibility for the content of Websites linked on our Websites. Such links should not be interpreted as endorsement by us of those linked Websites. We will not be liable for any loss or damage that may arise from your use of them.
|Additional limitations and exclusions of liability will apply to liability arising as a result of the supply of any Products and services by us to you, which are set out in Clauses 8 and 9 or the provisions of any Licence Agreement. In the event of any inconsistency between this Clause 15 and any applicable Licence Agreement, the Licence Agreement shall take precedence.
|We collect information about you when you register with us, place an order for Products or when you communicate with us by any media.
|We may collect information about you from third parties where this is necessary for legitimate business purposes.
|The Websites may contain hyperlinks or references to websites other than the Websites. Any such hyperlinks or references are provided for your convenience only. We have no control over third party advertising or websites and accept no legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third party advertising or website does not mean that we endorse that third party’s website, products or services. Your use of a third party site may be governed by the terms and conditions of that third-party site and is at your own risk.
|We are not liable to you if we fail to comply with these Terms because of circumstances beyond our reasonable control, including, but not limited to, strikes, lock-outs or other industrial disputes; breakdown of systems or network access; flood, fire, explosion or accident; or epidemics or pandemics.
|No one other than a party to these Terms has any right to enforce any of these Terms.
|Unless the context otherwise requires, the singular includes the plural and vice versa.
|References to any enactment, order, regulation or other similar instrument shall be construed as a reference to the enactment, order, regulation or instrument or any subsequent re-enactment.
|References in these Terms and Conditions to sections and Clauses are to the sections and Clauses of these Terms and Conditions.
|If any provision of the Agreement is declared by any judicial or other competent authority to be void, voidable, illegal, or otherwise unenforceable, or indications of this are received by either of the parties from any relevant competent authority, the remaining provisions of the Agreement shall remain in full force and effect.
|The failure by either party to enforce at any time or for any period any one or more of the terms or conditions of the Agreement shall not be a waiver of them or of the right at any time subsequently to enforce all terms and conditions of the Agreement.
|Headings contained in these Terms and Conditions are for reference purposes only and shall not be incorporated into these Terms and Conditions and shall not be deemed to be any indication of the meaning of the Clauses to which they relate.
|This agreement shall be governed by, and construed in accordance with, English law.
|Where you are a business it is hereby irrevocably agreed and accepted that the Courts of England and Wales shall have exclusive jurisdiction to settle any claim, difference or dispute (including, without limitation, claims for set-off or counterclaims) which may arise out of or in connection with this agreement. Each party irrevocably waives any right it may have to object to an action being brought in such Courts, to claim that the action has been brought in an inconvenient forum, or to claim that such Courts do not have jurisdiction.
|Where you are a Customer we may agree that the Courts of England and Wales may have non-exclusive jurisdiction and we acknowledge that you may have rights to bring proceedings in your country of residence.
‘Agreement’—These Terms and Conditions and our Privacy Statement and Cookies Policy, together with any other terms and conditions referred or linked to in these Terms and Conditions.
'AI Model'—Any application, platform, service, model or other digital technology which utilises artificial intelligence, including (but not limited to) any natural language processing-enabled generative artificial intelligence 'chatbots' that may be used to produce content in response to prompts by users.
‘Commercial’—Pertaining to commerce and having either monetary or non-monetary gain as motive.
‘Content’—Any content and materials including the Works that appear on the Websites or which may be accessed by or downloaded from the Websites or contained in Products.
‘Customer’—An individual to whom the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 apply.
‘Electronic Format’—Any format other than print, including those actuated by or as a result of analogue, digital, electronic, compact disk, electrical, magnetic, optical, laser, acoustic, or any such similar technologies, and/or devices accessed using personal computers, workstations, local area networks, wide area networks, intranets, the Internet, or other dial-in access, and (for the avoidance of doubt) including any AI Model.
‘Extract’—An extract of less than 25 per cent of any constituent part of the Works.
‘IASB’—The International Accounting Standards Board.
‘IFRIC’—The International Financial Reporting Interpretations Committee.
‘IFRS Standards’—The standards and updates to those standards issued by the International Accounting Standards Board and the International Sustainability Standards Board under the titles IFRS Accounting Standards and IFRS Sustainability Disclosure Standards respectively.
‘Intellectual Property Rights’—Rights in copyright and related rights, moral rights, trade marks, business names and domain names, get-up, goodwill, designs, computer software, database(s), confidential information (including know-how and trade secrets), patents, inventions as well as the right to sue for passing off and/or unfair competition, and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
'ISSB’—The International Sustainability Standards Board.
‘Licence Agreement’—A licence to be entered into between us and you regarding specific Products which we may provide to you.
‘Official text’—The Works published by us or our licensees in printed or Electronic Format, which are endorsed and published by the International Accounting Standards Board and/or the International Sustainability Standards Board and/or IFRS Foundation and/or our agent(s).
‘Personal Use’—Use of the Websites and/or Content for User’s personal use only, and which is not Professional Use or Commercial Use.
‘Prior Permission’ and ‘Prior Written Permission’—Permission from an authorised member of the IFRS Foundation’s staff and includes but is not limited to:
‘Products’—All products and services which are available for purchase via the Websites.
‘Professional Use’—Use of the Websites and/or Content in a professional capacity in connection with the business of providing accounting services to your customers or to the business in which you are employed as an accountant.
‘Taxonomy’—Taxonomy generally means a catalogue or a set of rules for classification; in XBRL, a taxonomy contains computer-readable definitions of business reporting terms as well relationships between them and links connecting them to human-readable resources. A typical taxonomy consists of a schema (or schemas) and linkbases; a set of these files discoverable from one entry point schema is called discoverable taxonomy set, such as the IFRS Taxonomy.
‘Trade Marks’—The IFRS Foundation’s trade marks including the IFRS Foundation’s logo and the IFRS for SMEs® logo, the IASB® logo, the ‘Hexagon Device’, IAS®, IASB®, ISSBTM, IFRIC®, IFRS®, IFRS for SMEs®, IFRS Foundation®, International Accounting Standards®, International Financial Reporting Standards®, NIIF®, and SIC®. Further details of which are available from the IFRS Foundation on request.
‘User(s)’—Companies, firms, other legal entities, individuals and natural persons who have access to the Websites, and which are subdivided into the following categories:
‘Websites’—Each of the International Accounting Standards Board/International Sustainability Standards Board/IFRS Foundation Websites (www.ifrs.org (including archive.ifrs.org), shop.ifrs.org) including all Content, materials and web pages of which each of them is comprised.
‘Works’—The materials of the IFRS Foundation. These materials include, but are not limited to, the following:
‘XBRL’—Extensible Business Reporting Language, a language based on the XML standard for the electronic communication of business and financial data.