More than 130 delegates from 70 countries and jurisdictions joined the IFRS Foundation at its 24th World Standard-setters Conference on 23 - 24 September 2024. National standard-setters attended in London and online to hear from a range of speakers who specialise in accounting and sustainability reporting. 📝 Read our debrief from this year's conference via link in comments. #WSS2024
IFRS Foundation
Accounting
London, England 80,651 followers
The IFRS Foundation is a not-for-profit public interest organisation with two standard-setting bodies—the IASB and ISSB.
About us
This is the official page for the IFRS Foundation. We will provide updates on IFRS Foundation issues including governance, due process, jurisdiction profiles and organisational bodies as well as major IFRS Standard announcements. The IFRS Foundation is an independent, public interest organisation responsible for the governance and oversight of the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). In turn, the IASB and the ISSB are independent standard-setters responsible for the development and promulgation of IFRS Standards. These Standards result in corporate information that informs investment decisions and contributes towards efficient and resilient capital markets.
- Website
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http://www.ifrs.org
External link for IFRS Foundation
- Industry
- Accounting
- Company size
- 201-500 employees
- Headquarters
- London, England
- Type
- Nonprofit
- Founded
- 2001
- Specialties
- International Financial Reporting Standards, Accounting Standards, Financial Reporting, XBRL, Education, and Sustainability Standards
Locations
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Primary
7 Westferry Circus
London, England, GB
Employees at IFRS Foundation
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Bertrand Perrin
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Diana ben-Aaron
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Douglas Chow
Founder at PortageBay | Sustainability x AI Expert | Former Global Head of AI at BlackRock | Advisory Board of IFRS | Builder of Elite Teams
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Bret Blount
Director of Marketing at IFRS Foundation. Ex ventureLab, Sift, PlayStation, SEGA, Nautilus/Bowflex
Updates
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In conjunction with the #IFRS Foundation Trustees meeting in Montreal, Canada, next week, Chair of the Trustees Erkki Liikanen will participate in a conversation with Caisse de dépôt et placement du Québec (CDPQ) Executive Vice-President and Chief Financial and Operations Officer Maarika Paul, FCPA, FCA, CBV, ICD.D on 8 October at Montreal Council on Foreign Relations. 👇 Find out more and register here: https://lnkd.in/gk9DEWyE #IFRSTrustees #ISSB Montreal Council on Foreign Relations (CORIM)
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#ISSB Chair Emmanuel Faber has been recognised by the Oxford Sustainable Finance Group for his outstanding contribution to the furtherance of sustainable finance. Award winners were announced at the World Forum on Enterprise & the Environment 2024, University of Oxford's flagship event on enterprise and the environment. Commenting on the award, Emmanuel said: “I am grateful to the University of Oxford’s Sustainable Finance Group for recognising how sustainability is at the core of a well-functioning economy. My experience with the incredible people at Danone showed how much leadership is a collective dynamic. I am honoured to accept this award on behalf of the many brilliant colleagues at the IFRS Foundation, our partners and the broader ecosystem – who are working to bring transparency on value chains and time horizons that are critical for urgently-needed more resilient economics. “Since the ISSB was created at COP26, jurisdictions accounting for around 55% of global gross domestic product have started to introduce ISSB Standards in their regulatory frameworks. More are coming. They will future-proof capital markets and the economy they support.” 👉 Find out more: https://lnkd.in/e84a78kY
The University of Oxford has announced the winners of the Insight Investment – University of Oxford Prize for Greening Finance, the preeminent prize for this important area of research and practice: https://lnkd.in/e84a78kY. 🟢 The 2024 winner for Outstanding Service is Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), and formerly the Chair and Chief Executive Officer of Danone. The Outstanding Service category recognises individuals or not-for-profit organisations who have provided outstanding support for the furtherance of #sustainablefinance. 🟢 The 2024 winner for Outstanding Research is Professor Rob Bauer, Professor of Finance (Chair of Institutional Investors) at Maastricht University and holder of the Elverding Chair on Sustainable Business, Culture and Corporate Regulation. The Outstanding Research category recognises research that helps society better understand how environmental change influences #finance and #investment, and how economic and financial systems can contribute to achieving global environmental #sustainability. The annual Greening Finance Prize was established through a generous endowment provided by Insight Investment, a £663bn global asset and risk manager. The winners were announced at the World Forum on Enterprise & the Environment 2024, Oxford University’s flagship event on enterprise and the environment. Abdallah Nauphal, Chief Executive Officer of Insight Investment, said: “While sustainability practices have evolved to become a significant consideration in long-term investment decision making, research linking finance and sustainability topics is still in its infancy. To better understand how decisions made by the investment industry are likely to influence the financial and environmental outcomes of tomorrow, investors need research incorporating rigorous financial analysis. The research prize recognises quality academic work but also highlights the urgent need for closer collaboration between investors and academics to provide evidence that can increase the resilience of the financial system.” Dr Ben Caldecott, Chair of the Prize Panel and the founding Director of the Oxford Sustainable Finance Group at the University of Oxford, said: “The winners have not only advanced our understanding of how environmental challenges intersect with finance but also offered practical solutions that will shape more resilient and sustainable financial systems. At a time when the world faces unprecedented environmental and economic challenges, recognising and supporting such ground-breaking research and leadership is critical. I am deeply inspired by the contributions of all the recipients and excited to see how their work will influence the future of finance.” Smith School of Enterprise and the Environment - University of Oxford #GreeningFinancePrize IFRS Foundation
Insight Investment - University of Oxford Prize for Greening Finance: 2024 Winners Announced
https://sustainablefinance.ox.ac.uk
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We are looking for an Assistant Legal Counsel (12 month FTC). Find out more and apply here: https://lnkd.in/eX3SGipR
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The IFRS Foundation Trustees have created a strategic insights group that will help to enhance the Trustees’ understanding of IFRS Standards’ impact on the global economy and other strategic matters relevant to the future of the IFRS Foundation. Members of the group are: - Professor Lucrezia Reichlin (Chair), London Business School and former IFRS Foundation Trustee; - Professor Patrick Bolton, Imperial College London; - Dr Ma Jun, President of the Institute of Finance and Sustainability (IFS) in Beijing; - Professor Christian Leuz, The University of Chicago Booth School of Business; and - Luiz Awazu Pereira da Silva, former Deputy General Manager of the Bank for International Settlements – BIS and former Deputy Governor of the Central Bank of Brazil Find out more about the group and the work of the IFRS Foundation Trustees via the link in comments.
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The #ITCG is meeting on 30 September-1 October 2024 to discuss topics including: 📝Updating the IFRS Accounting Taxonomy for IFRS 18 📝Policies for modelling the IFRS digital taxonomies 📝Updating the IFRS Taxonomy Preparers’ Guide 📝Updating the SASB Standards Taxonomy Find the agenda and meeting papers here: https://lnkd.in/etU5uwZU #digitalfinancialreporting #ifrstaxonomy #iasb #issb
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That’s a wrap for the World Standard-setters Conference 2024! Over the last two days national standard setters have been participating in various panel discussions on #IFRS18, the consistent application of IFRS Accounting Standards and connectivity between the financial statements and sustainability-related financial disclosures. (Picture one) Attendees heard how various jurisdictions have been supporting the implementation of IFRS 18, which improves the usefulness of information presented and disclosed in financial statements. The session was led by IASB member Nick Anderson and IASB technical staff Nick Barlow, with special guests: Korea Accounting Standards Board (KASB)'s Jiseong Yu, EFRAG's Kathrin Schöne and Accounting Standards Board (AcSB)'s Katharine Christopoulos. 📚 (Two) Attendees also heard the latest updates on the consistent application of IFRS Accounting Standards from IASB member Bruce Mackenzie, IASB technical staff Dennis Deysel and Riana Wiesner and IFRS Interpretations Committee members Paul Munter and Brian O'Donovan. 📝 (Three) #IASB and #ISSB technical staff walked us through how applying the IASB and ISSB Standards together result in complementary and connected reported information. The session was run by IASB technical staff, Yulia Feygina and Gustavo Olinda, as well as ISSB technical staff David Bolderston and Gabriel Benedict, CPA. 🔗 👏 Thank you to everyone who joined us and don’t forget that plenary sessions are available to watch on the IFRS Foundation website: https://lnkd.in/e9rTWbPY #WSS2024
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Due to technical difficulties, please head over to the IFRS Foundation website to watch: 9:10 – 10:05 (BST) IASB update—Q&A with IASB Chair Andreas Barckow and Executive Technical Director Nili Shah 10:05 – 11:00 (BST) ISSB update—Q&A with ISSB Vice-Chair Sue Lloyd and ISSB Technical Director David Bolderston https://lnkd.in/e9rTWbPY
The World Standard-setters Conference is taking place on 23 - 24 September 2024. The conference provides national standard-setters with the opportunity to get an update on and discuss the #IFRS Foundation’s activities. Tune into our LinkedIn live event on 23 September from 09:10 (UK time) to watch a Q&A with IASB Chair Andreas Barckow with Executive Technical Director Nili Shah. Then, ISSB Vice-Chair Sue Lloyd will give an update on the ISSB’s recent work. Click below to register to attend our livestream. You can also watch live on ifrs.org. Find out more about the conference here: https://lnkd.in/e9rTWbPY #WSS2024
World Standard-setters Conference 2024 livestream
www.linkedin.com
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Read Erkki Liikanen's exclusive interview with the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) on pages 13-15. 👇 In his interview, Erkki discusses the IFRS Foundation's mission, the role of the IFRS Foundation Trustees and how applying the #IASB and #ISSB Standards together result in complementary and connected reported information.
Chartered Management Accountant Journal Jul-Aug 2024 Chartered Management Accountant Journal Download Link: https://lnkd.in/grmPdcAG
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Our Chair of Trustees Erkki Liikanen and Managing Director Michel Madelain met key stakeholders this week in Riyadh, Saudi Arabia, together with our Saudi Trustee Sarah AlSuhaimi. Thank you to the Ministry of Finance, Saudi Arabia, Ministry of Economy and Planning - MEPsaudi and the Ministry of Commerce, as well as the Capital Market Authority, Saudi Central Bank – SAMA, Saudi Tadawul Group and stc. Thank you also to the Saudi Organization for Chartered and Professional Accountants (الهيئة السعودية للمراجعين والمحاسبين SOCPA) and its CEO Dr Ahmed Al-Meghames for hosting a roundtable discussion on the latest developments in corporate reporting for the capital markets.