About the IASB
The International Accounting Standards Board (IASB) is an independent, private-sector body that develops and approves International Financial Reporting Standards (IFRSs). The IASB operates under the oversight of the IFRS Foundation. The IASB was formed in 2001 to replace the International Accounting Standards Committee (IASC). A full history of the IASB and the IASC going back to 1973 is available on the IASB website.
Currently, the IASB has 14 members.
The IASB's role
Under the IFRS Foundation Constitution, the IASB has complete responsibility for all financial reporting-related technical matters of the IFRS Foundation including:
- full discretion in developing and pursuing its technical agenda, subject to certain consultation requirements with the Trustees and the public
- the preparation and issuing of IFRSs (other than Interpretations) and exposure drafts, following the due process stipulated in the Constitution
- the approval and issuing of Interpretations developed by the IFRS Interpretations Committee.
Contact details
International Accounting Standards Board
Columbus Building
7 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom
Phone: +44 (0)20 7246 6410
Fax: +44 (0)20 7246 6411
email: info@ifrs.org
Website: www.ifrs.org
17 May 2024 The IASB will meet in London on 20 and 22 May 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations. 13 May 2024 The IASB has released the second webcast in its series aimed at discussing and seeking feedback on Exposure Draft ‘Business Combinations — Disclosures Goodwill and Impairment’. The webcast series focuses on improving the transparency and quality of information provided by companies regarding acquisitions, while also considering the feasibility of implementation from a cost perspective. 10 May 2024 The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 20 and 22 May 2024. There are five topics on the agenda. 09 May 2024 The International Accounting Standards Board (IASB) has published the new standard IFRS 19 'Subsidiaries without Public Accountability: Disclosures', which permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to apply it. The new standard is effective for reporting periods beginning on or after 1 January 2027 with earlier application permitted. 08 May 2024 The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'. Comments are requested by 7 August 2024. 08 May 2024 The IASB has released the first webcast in a series that features IASB members and technical staff taking a detailed look into the proposed improvements to the disclosure requirements about acquisitions and the impairment testing of cash-generating units containing goodwill. 01 May 2024 The IASB is set to host a series of live webinars aimed at facilitating a comprehensive understanding of the recently introduced IFRS 18 'Presentation and Disclosure in Financial Statements'. These webinars will provide stakeholders with valuable insights into the nuances of the new requirements and offer a platform for interactive discussion. 30 Apr 2024 The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter discussing the deliberations held during the April 2024 IASB meeting. 30 Apr 2024 The IASB met in London on 22-25 April 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting. 29 Apr 2024 Following the IASB and ISSB meetings this month, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in March 2024. Several projects have been completed and one new project on intangibles has been added. 29 Apr 2024 The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2023. 23 Apr 2024 The new project aims to comprehensively review the accounting requirements for intangibles. Initial research will seek to define the project’s scope and explore how best to stage work on this topic to produce timely improvements to IFRS Accounting Standards. 19 Apr 2024 The IASB will meet in London on 22-25 April 2024. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations. 17 Apr 2024 The International Accounting Standards Board (IASB) has published a project summary regarding its project on business combinations under common controls (BCUCC). 16 Apr 2024 EFRAG has announced two webinars introducing IFRS 18 ‘Presentation and Disclosures in Financial Statements' - one with a general focus and one for financial institutions, insurance companies and conglomerates. The IASB will participate in both webinars. 12 Apr 2024 The IASB has posted the agenda for its next meeting, which will be held in its offices in London on 22–25 April 2024. There are 10 topics on the agenda. 11 Apr 2024 The IFRS Foundation has published an article 'Digital financial reporting — Facilitating digital comparability and analysis of financial reports' and has set up a new dedicated website. 09 Apr 2024 The International Accounting Standards Board (IASB) has published its new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' that will replace IAS 1 'Presentation of Financial Statements'. The new standard is the result of the so-called primary financial statements project, aims at improving how entities communicate in their financial statements and will be effective for annual periods beginning on or after 1 January 2027. 05 Apr 2024 The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG) will hold a virtual research workshop on the IASB’s exposure draft 'Business Combinations — Disclosures, Goodwill and Impairment' on 30 April 2024. 04 Apr 2024 The IFRS Foundation announces that the annual publication formerly known as the 'Red Book' is now available. 28 Mar 2024 The IFRS Foundation trustees are currently seeking nominations for two vacancies in the IASB’s Board from Asia-Oceania. The Board is comprised of 14 members containing a mix of experience in standard-setting, financial reporting, and education. 28 Mar 2024 The International Accounting Standards Board (IASB) has published an exposure draft IASB/ED/2024/2 'Addendum to the Exposure Draft 'Third edition of the 'IFRS for SMEs' Accounting Standard''. Comments are requested by 31 July 2024. 27 Mar 2024 The IASB has issued the latest issue of 'Investor Perspectives'. In this edition, IASB Board member Zach Gast discusses proposed enhancements to acquisitions reporting and the revisions in Exposure Draft (ED) ‘Business Combinations — Disclosures, Goodwill and Impairment’ that aim to equip investors with better tools for evaluating companies’ acquisitions. 27 Mar 2024 The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter discussing the deliberations at the March 2024 IASB meeting. 26 Mar 2024 The IASB met in London on 18-21 March 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting. All Related Related news
Pre-meeting summaries for the May 2024 IASB meeting
IASB continues webcast series on proposed enhancements to disclosure requirements for business combinations
May 2024 IASB meeting agenda posted
IASB issues new standard providing a reduced disclosure framework for subsidiaries
IASB proposes amendments to IFRS 9 and IFRS 7 regarding power purchase agreements
IASB begins webcast series on the goodwill and acquisitions exposure draft
IASB to host live webinars on IFRS 18 implementation
IASB issues podcast on latest Board developments (April 2024)
April 2024 IASB meeting notes posted
Updated IASB and ISSB work plan — Analysis (April 2024)
IFRS Foundation publishes its 2023 annual report
IASB takes up research project on intangibles
Pre-meeting summaries for the April 2024 IASB meeting
IASB completes project on business combinations under common control by publishing project summary
Two webinars introducing IFRS 18
April 2024 IASB meeting agenda posted
Digital reporting and the IFRS digital taxonomies
IASB issues new standard on presentation and disclosures in financial statements
Research workshop on goodwill and acquisitions
2024 issued and annotated issued IFRS Accounting Standards now available
IFRS Foundation Trustees seek IASB Board members from Asia-Oceania
IASB proposes addendum to the exposure draft of the third edition of the IFRS for SMEs
IASB publishes "Investor Perspectives" article on acquisitions reporting
IASB issues podcast on latest Board developments (March 2024)
March 2024 IASB meeting notes posted
