The session will be moderated by EAA President Thorsten Sellhorn. The IFRS Foundation is seeking four Trustees: two from the Americas, one from the At Large category and one from Europe for vacancies that will become available in January 2021. One reason is that IFRS Standards, developed by the Foundation’s standard-setting body, the International Accounting Standards Board, are required for use in more than 140 countries. IFRS Developments . We would appreciate if the IFRS Foundation Trustees could also be held in public, to the extent possible. We, the undersigned, welcome the consultation paper published by the Trustees of the International Financial Reporting Standards (IFRS) Foundation on 30 September 2020, which seeks to … Title Start Date End Date; October 2020 IFRS Foundation Trustees meeting: 13 Oct 2020: 15 … The International Financial Reporting Standards Foundation (IFRS), a non-profit body that sets accountancy rules, has issued a consultation paper proposing a sustainability standards board for non-financial reporting regulation. Trustees of the IFRS Foundation Columbus Building 7 Westferry Circus Canary Wharf, London E14 4HD UNITED KINGDOM 22 December 2020 Dear Erkki, IFRS Foundation Consultation Paper on Sustainability Reporting The Australian Financial Reporting Council (FRC), Australian Accounting Standards Board (AASB) and IFRS Foundation Trustees consult on global approach to sustainability reporting and on possible Foundation role The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards. Accessibility | Privacy | Terms and Conditions | Trade mark guidelines | All legal information | Using our website. To: Erkki Liikanen, Chair, IFRS Foundation Trustees From: Professors of Accounting conducting research in the field of sustainability accounting and reporting and Editors of accounting journals that publish this research Date: 15th October 2020 Open Letter regarding the IFRS Foundation’s Consultation Paper on Sustainability Reporting In conjunction with the meeting of the IFRS Foundation’s Trustees in Tokyo, Japan, the IFRS Foundation Trustees and Japan’s Financial Accounting Standards Foundation (FASF) have today issued a joint statement. On 30 September 2020, the Trustees of the IFRS Foundation published a consultation paper on Sustainability Reporting (‘the paper’). The IFRS Foundation Trustees invite interested stakeholders to join them for a live webinar on their Consultation Paper on Sustainability Reporting. Stakeholders’ comments are due by 31 December 2020. To the Trustees of the IFRS Foundation, Thank you for the opportunity to comment on the consultation paper regarding sustainability reporting and the role of IFRS. Question 1 The IASB’s current remit is appropriate; it should not be extended for private non-profit sectors. These include investors, financial analysts and other users of financial The Trustees are required to consult on the Foundation’s strategy every five years and this Consultation Paper, based on work by a smaller Trustee Task Force, feeds into their current assessment of future strategy. It is the organisation behind IFRS Standards—financial reporting standards required for use by more than 140 jurisdictions. They replace Dr Abdulrahman Al-Humaid, Joji Okada and Wiseman Nkuhlu, whose second terms as Trustees expire 31 December 2018. You can view which cookies are used by viewing the details in our privacy policy. Head office: Columbus Building, 7 Westferry Circus, Canary Wharf, London E14 4HD, UK. Any changes to the Foundation’s remit would be subject to further public consultation. Date: 15 th October 2020 . The IFRS Advisory Council is the formal advisory body to the IASB and the Trustees of the IFRS Foundation. This website uses cookies. An error has occurred, please try again later. Their appointments will begin on 1 January 2021 and will expire on 31 December 2023. This responsibility rests solely with the Board. Please complete the CAPTCHA field to verify you are human. You can sign up to receive email alerts about any developments in this project by clicking the ‘Follow’ button on the project page (you must be registered with eIFRS—registration is free). Trustees of the IFRS Foundation 30 Cannon Street London EC4M 6XH UNITED KINGDOM Dear Trustees Request for Views IFRS Trustees' Review of Structure and Effectiveness: Issues for the Review The Asian-Oceanian Standard-Setters Group (AOSSG) is pleased to respond to the IFRS Trustees' Request for Views. Please remove any invalid characters ('', '+', '|'), links or URLs (e.g www.ifrs.org, http://www.ifrs.org) from the 'Your query' field and re-submit. The International Association of Insurance Supervisors (IAIS) has released a statement in support of the establishment of a Sustainability Standards Board as described in the IFRS Foundation Trustee’s Consultation Paper on Sustainability Reporting. This website uses cookies. Monitoring Board and IFRS Foundation Trustees Meeting (Transcript of Public Meeting) Date: 12 July, 2012 Venue: Washington D.C. Our CA qualification is internationally recognised and respected. The IFRS Foundation was established to develop a single set of globally accepted accounting standards. The Trustees of the IFRS Foundation are considering how they may support global sustainability reporting initiatives. We fully support the IASB’s work on financial reporting requirements for … To: Erkki Liikanen, Chair, IFRS Foundation Trustees. One possible option outlined in the paper is for the Foundation to establish a new sustainability standards board. For the convenience of prospective participants in different time zones, there will be two sessions of the webinar on Tuesday 17 November 2020. Invalid characters in 'Your Query' field. Please complete the CAPTCHA field to verify you are human. The new board could operate alongside the International Accounting Standards Board under the same three-tier governance structure, build on existing developments and collaborate with other bodies and initiatives in sustainability, focusing initially on climate-related matters. 2 INTRODUCTION ICAS welcomes the opportunity to comment on the IFRS Foundation’s Request for Views. Publication: Use of IFRS Standards around the world [PDF], How the IFRS Interpretations Committee helps support consistent application, Supporting materials for the IFRS for SMEs Standard, IFRS Foundation Trustees consult on global approach to sustainability reporting. You can view which cookies are used by viewing the details in our privacy policy. Note: This is a verbatim transcript and … The IFRS Foundation was established to develop a single set of globally accepted accounting standards. The IFRS Foundation has appointed three Trustees and re-appointed seven, effective 1 January 2021. Publication: Use of IFRS Standards around the world [PDF], How the IFRS Interpretations Committee helps support consistent application, Supporting materials for the IFRS for SMEs Standard. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Session expired, please refresh your browser. IFRS Foundation Trustee Michel Madelain, Executive Director Lee White and IFRS Foundation staff will address questions and comments from the audience. The consultation paper also considers the Foundation’s role in the development of sustainability standards. In this publication, we discuss these areas in more detail. What you need to know • On 30 September 2020, the Trustees of the IFRS Foundation published a Consultation Paper on the need for global sustainability standards and the Foundation’s role in their development. On 8 May 2012 the Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), published for comment an updated version of the IFRS Foundation Due Process Handbook with a 120-day comment period. The Trustees are not involved in any technical matters relating to IFRS Standards. From: Professors of Accounting conducting research in the field of sustainability accounting and reporting and Editors of accounting journals that publish this research. Please remove any invalid characters ('', '+', '|'), links or URLs (e.g www.ifrs.org, http://www.ifrs.org) from the 'Your query' field and re-submit. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). 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