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.
Read our latest news, features and press releases and see our calendar of events, meetings, conferences, webinars and workshops.
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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.
Please find below a brief summary of news and events from the IFRS® Foundation and the International Accounting Standards Board (Board) over the past month:
Watch this webcast explaining the role of the Technical Readiness Working Group (TRWG), which was created by the IFRS Foundation’s Trustees in March 2021 to do preparatory work for the proposed International Sustainability Standards Board (ISSB).
Read this article published in the Australian Accounting Review in which Board Member Ann Tarca explains the Board’s preliminary views for accounting for business combinations under common control, an issue not currently addressed in IFRS Standards.
The Foundation’s fifth Compilation of Agenda Decisions brings together agenda decisions published by the IFRS Interpretations Committee from April to October 2021. The agenda decisions included in this compilation relate to IFRS 9 Financial Instruments, IFRS 16 Leases, IAS 2 Inventories, IAS 10 Events after the Reporting Period, IAS 19 Employee Benefits and IAS 32 Financial Instruments: Presentation. Also, listen to the latest IFRIC podcast, which covers topics such as non-refundable VAT on lease payments and accounting for warrants that are financial liabilities on initial recognition.
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