@ifrs.org
The IFRS Foundation is a not-for-profit responsible for developing global accounting and sustainability disclosure standards, known as IFRS Standards.
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The IFRS Foundation is a not-for-profit organization that is dedicated to developing global accounting and sustainability disclosure standards known as IFRS Standards. These standards are designed to be high-quality, understandable, enforceable, and globally accepted. The foundation has two standard-setting boards, namely the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB), which develop these standards.
The IFRS Standards cover a wide range of areas, including accounting, financial reporting, and sustainability-related disclosures. The foundation also offers a variety of products and services to support the consistent application of these standards, including implementation support and application materials. Additionally, they provide access to the IFRS Accounting Standards, IFRS Sustainability Disclosure Standards, and related materials through their website.
By adopting the IFRS Standards, jurisdictions can benefit from a global baseline for capital markets, enabling consistency and comparability in financial reporting. The IFRS Foundation plays a significant role in promoting transparency, reliability, and efficiency in the world economy through its standards and services
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