IFRS Foundation

Congratulations to Lily,yanli Liu and Brian O'Donovan who have been reappointed by the IFRS Foundation Trustees to continue serving on the IFRS Interpretations Committee until June 2028 and June 2026 respectively. The Committee works with the International Accounting Standards Board (IASB) to support consistent application of #IFRS Accounting Standards. Learn about the Committee’s work here: https://lnkd.in/euFs6MkW

A big thank you to William (Bill) Coen for his service as Chair of the IFRS Advisory Council—the strategic advisory body to the #IFRS Foundation Trustees, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB). Bill became Advisory Council Chair in 2020 and has just chaired his last meeting in London this week. Thank you also to the members of the Advisory Council whose terms are coming to an end in December. You can listen to the recording of the 12-13 November 2024 Advisory Council meeting here: https://lnkd.in/dKy4QCS2

The meeting of the #IFRS Advisory Council, the strategic advisory body to the IFRS Foundation Trustees, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB), is taking place today and tomorrow. You can follow the meeting and read the papers on our website: https://lnkd.in/dKy4QCS2 On the agenda are updates from Managing Director Michel Madelain, Chair of the Trustees Erkki Liikanen, the leadership of the #IASB and the #ISSB, as well as discussions about the IASB’s future work plan, the Foundation’s multilocation model and talent attraction/retention.

The IFRS Advisory Council is meeting on 12-13 November. Find the meeting papers and watch online here: https://lnkd.in/dKy4QCS2

The IFRS Foundation Integrated Thinking and Reporting Conference 2024—organised in partnership with the Italian Foundation for Business Reporting (Organismo Italiano di Business Reporting (O.I.B.R.)—took place on 18 October in Milan. Read six key takeaways: ?? https://lnkd.in/e43Z-8t2

November 2024 Integrated Reporting and Connectivity Council agenda and meeting papers now available: https://lnkd.in/gWZsHd58

Meet the #IASB and #ISSB at Meet the Experts on Monday 11 November! ?? IASB Chair Andreas Barckow will give a keynote speech, which will be followed by an ISSB Update from ISSB Vice-Chair Sue Lloyd. Sue will also be joining a Q&A panel to explore the connectivity between financial and sustainability reporting ?? . ??? Andreas will be joined by Bruce Mackenzie, IFRS Interpretations Committee Chair and IASB member, to discuss the latest developments in standard-setting. ??? Bruce will also join a breakout session on Financial Institutions to provide insights into #IFRS18, IFRS 17 and targeted improvements to IFRS 9 and IFRS 7. ?? IASB member Hagit Keren will take part in a breakout session exploring the impacts of IFRS 18, #IFRS19 and other IFRS Accounting Standards on non-financial institutions. ?? In the afternoon, ISSB member Richard Barker will join a panel on “ESG reporting and Preparing your Sustainability Report”, which will explore strategic approaches to robust ESG reporting, identifying the interoperability of forthcoming regulations and more. ?? You will have the opportunity to ask Richard and Bruce your questions during a Q&A at the end of the day. Register today for 50% off! https://lnkd.in/er3wVm2z ?? At the conference, make sure to visit our IFRS Accounting stand to connect with our content services experts and trial the Standards Navigator. You will receive an exclusive 15% discount on all accounting products and services, and a gift with any purchase made at the conference. ?? Also visit our IFRS Sustainability stand to find out more about the IFRS Sustainability Alliance membership, the FSA Credential and licensing programmes we offer.

The meeting summary for the September 2024 #IFRS Taxonomy Consultative Group meeting is now available. ? The group held productive discussions on several important areas of digital financial reporting, including: ? ?? Policies for modelling the IFRS digital taxonomies; ?? Updating the IFRS Accounting Taxonomy for IFRS 18; ?? Updating the IFRS Taxonomy Preparers’ Guide; ?? Maintaining the IFRS Taxonomy Formula Linkbase; and ?? Forthcoming updates to the IFRS Accounting Taxonomy and SASB Standards Taxonomy. ? You can read the meeting summary and watch recordings from the meeting here: https://lnkd.in/etU5uwZU ? #digitalreporting #IFRSaccounting #IFRSsustainability

Read our October 2024 National Standards-setters Newsletter, covering: ?? Debrief on 2024 World Standard-setters Conference in London; ?? International Accounting Standards Board (IASB) recent highlights; ?? International Sustainability Standards Board (ISSB) recent highlights; and more! https://lnkd.in/dGFp3h2w

Last week, the Trustees of the #IFRS Foundation met in Montreal, Canada. The Trustees are responsible for the strategy and governance of the IFRS Foundation. An important part of their role is also to oversee our standard-setting boards, #IASB and #ISSB. You can read the papers and listen back to the discussion of the Trustees’ Due Process Oversight Committee: https://lnkd.in/emcbTSWD ? Thank you to the many stakeholders we had the opportunity to engage with while in Montreal. Trustee Chair Erkki Liikanen spoke alongside Maarika Paul, FCPA, FCA, CBV, ICD.D of Caisse de dép?t et placement du Québec (CDPQ) about the Foundation’s role and progress in the development of sustainability-related disclosure standards at an event on fostering a sustainable global financial system, organised by the Montreal Council on Foreign Relations (CORIM). The panel was chaired by EY's Anne-Marie Hubert, C.M., FCPA, FCA, LLD. ? Some of our Trustees met with leaders of the Financial Accounting Foundation (FAF) to share best practice in governance and oversight of our respective standard-setting boards. And members of the Trustees’ strategic insights group – IFRS Foundation Group of Fellows, chaired by former Trustee Lucrezia Reichlin – and the ISSB had discussions with Montreal universities. ? It was a pleasure to meet representatives of the Government of Quebec and members of the Canadian Coalition of Champions. ?? #1 - Chair of Trustees Erkki Liikanen and Vice-Chairs Teresa Ko and Maria Theofilaktidis during the meeting of the Trustees ?? #2 - IFRS Foundation Trustee Chair Erkki Liikanen with Maarika Paul from CDPQ and Anne-Marie Hubert from EY at the event organised by Montreal Council on Foreign Relations ?? #3 -Trustees of the Financial Accounting Foundation and the IFRS Foundation