This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (March 2019) |
Purpose | Development and promotion of accounting standards[1] |
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Headquarters | Columbus House 7 Westferry Circus, Canary Wharf, London, E14 4HD UK |
Chair of the Trustees | Erkki Liikanen |
Managing Director | Michel Madelain |
Website | www |
Formerly called | IASC Foundation |
Part of a series on |
Accounting |
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The International Financial Reporting Standards Foundation or IFRS Foundation (sometimes IFRSF) is a nonprofit organization that oversees financial reporting standard-setting. Its main objectives include the development and promotion of the International Financial Reporting Standards (IFRS), through the International Accounting Standards Board (IASB) for accounting standards and the International Sustainability Standards Board (ISSB) for sustainability-related standards.
The IFRS Foundation states that its mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world, and that their work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.[1]
The foundation is governed by a group of 22 trustees,[2] themselves under the oversight of a "Monitoring Board" of public authorities.[3]