This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

International Accounting Standards Board (IASB)

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.

From 1 July 2012, the IASB has 16 members.

The IASB's role

Under the IFRS Foundation Constitution, the IASB has complete responsibility for all technical matters of the IFRS Foundation including:

Contact details

Related news

  • Agenda for the IASB Emerging Economies Group May 2013 meeting

  • May 21, 2013

  • The Emerging Economies Group (EEG) of the IASB will be holding its fifth meeting in Seoul, Korea on 30 and 31 May 2013. Topics to be discussed include rate regulated activities, goodwill accounting, IAS 19 (discount rate), IAS 28 (elimination of gains arising from a transaction between a joint venturer and its joint venture), and the Issues paper on the scope of IFRS 2.

  • New Interpretation on accounting for levies

  • May 20, 2013

  • The International Accounting Standards Board (IASB) has released IFRIC 21 'Levies'. IFRIC 21 provides guidance on when to recognise a liability for a levy imposed by a government, both for levies that are accounted for in accordance with IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' and those where the timing and amount of the levy is certain.

  • The Bruce Column — Leasing: Take Two

  • May 16, 2013

  • The revised proposals on lease accounting have at last been published. Robert Bruce, our resident, regular columnist looks at the issues.

  • IASB publishes highly anticipated lease accounting proposals

  • May 16, 2013

  • The International Accounting Standards Board (IASB) has re-exposed its proposed approach for the recognition and measurement of leases. For lessees, the Exposure Draft ED/2013/6 'Leases' proposes the recognition of a liability and a right-of-use asset for all leases with a profit or loss impact dependent on the classification of a lease. The lessor model in the ED is similar to current lease accounting with some nuances for the recognition of revenue and discounting of the residual asset. The proposals are only applicable for leases with a lease term of more than 12 months. Comments are due 13 September 2013.

  • Conference on IFRS adoption and implementation in former Soviet republics in Europe and Central Asia

  • May 16, 2013

  • International Federation of Accountants (IFAC), International Auditing and Assurance Standards Board (IAASB), and International Accounting Standards Board (IASB) are holding a two-day conference on 16-17 May 2013 to bring together representatives from national organisations of former Soviet republics in Europe and Central Asia. The event provides experiences regarding the application of International Financial Reporting Standards (IFRS), International Standards on Auditing (ISAs), and quality assurance requirements. Also, it provides representatives a forum to discuss topics relating to their jurisdiction.

  • Agenda for the May 2013 IASB meeting

  • May 12, 2013

  • The International Accounting Standards Board (IASB) has released the agenda for its meeting to be held in London on 21-24 May 2013. The agenda covers a number of topics from the IASB's major and narrow scope projects, and includes a joint session with the FASB on Friday 24 May to discuss revenue recognition and limited scope amendments to IFRS 9.

  • IASB and ASBJ hold joint meeting

  • May 10, 2013

  • Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) held their seventeenth meeting in Tokyo on 9 and 10 May 2013. Due to the inception of the Accounting Standards Advisory Forum (ASAF), this meeting marked the end of the series of semi-annual bilateral meetings between the IASB and ASBJ.

  • EFRAG consultation on a "long-term investment" business model

  • May 08, 2013

  • Connecting a European green paper on possible ways for supporting long-term investment and the IASB's suggested new separate business model of "held to collect and sell", the European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on long-term investing activities business models.

  • IASB survey on proposals for limited amendments to IFRS 9

  • May 08, 2013

  • The IASB has initiated a survey on its exposure draft 'Classification and Measurement: Limited Amendments to IFRS 9 (Proposed amendments to IFRS 9 (2010))'. The survey requests financial statements users to provide input on the amendments proposed in the exposure draft.

  • IASB work plan updated

  • Apr 30, 2013

  • The International Accounting Standards Board (IASB) has updated its work plan. Following its April meeting, the IASB changed the timing of expected milestones in macro hedge accounting, rate-regulated activities, and revenue recognition. Also, a number of updates to the narrow scope projects have been made.

  • April 2013 IASB meeting notes — Part 3 (concluded)

  • Apr 26, 2013

  • The IASB's April meeting was held in London on 23-25 April 2013. We have posted Deloitte observer notes from Wednesday's session on conceptual framework and Thursday's sessions on hedge accounting, conceptual framework, annual improvements — 2012-2014 cycle and 2010-2012 cycle, post-implementation review of IFRS 8, and levies (IAS 37/IFRIC 6).

  • April 2013 IASB meeting notes — Part 2 (continued)

  • Apr 25, 2013

  • The IASB's April meeting is being held in London on 23-25 April 2013. We have posted Deloitte observer notes from Tuesday's educational session on IFRS for SMEs and regular sessions on IFRS for SMEs and narrow-scope amendments (IAS 36); and Wednesday's session on the annual improvements 2012-2014 cycle (IFRS 7).

  • IASB exposes guidance on regulatory deferral accounts

  • Apr 25, 2013

  • The International Accounting Standards Board (IASB) has published ED/2013/5 'Regulatory Deferral Accounts'. This proposed interim standard is intended to allow entities that currently recognise regulatory assets and regulatory liabilities in accordance with their previous GAAP to continue to recognise the effects of rate regulation under IFRSs until the longer term rate-regulated activities project is completed.

  • Decisions on hedge accounting

  • Apr 25, 2013

  • Deloitte observers at the IASB meeting currently held in London report that the IASB has just voted on the way forward in the hedge accounting project.

  • This week's IASB meeting might end today

  • Apr 25, 2013

  • The IASB is progressing in its discussions faster than expected. It has announced that the sessions planned for Friday morning might be pulled forward to Thursday afternoon.

  • April 2013 IASB meeting notes — Part 1

  • Apr 24, 2013

  • The IASB's April meeting is being held in London on 23-26 April 2013. We have posted Deloitte observer notes from Tuesday's session on conceptual framework.

  • IASB issues reporting back documents on insurance contracts (ED)

  • Apr 22, 2013

  • The International Accounting Standards Board (IASB) has issued two ‘reporting back’ documents relating to its exposure draft on insurance contracts. The documents are working drafts prepared by the IASB staff which contains modifications from tentative decisions reached by the IASB during its meetings on insurance contracts.

  • Agenda for April 2013 IASB meeting

  • Apr 13, 2013

  • The International Accounting Standards Board (IASB) will meet at the IASB offices on 23-26 April 2013. Discussions will include the comprehensive project on the Conceptual Framework, comprehensive review of the IFRS for SMEs, narrow-scope amendments to IAS 36, annual improvements (2010-2012 cycle and 2012-2014 cycle), hedge accounting, post-implementation review of IFRS 8, the forthcoming Interpretation on levies, and current projects of the IFRS Interpretations Committee.

  • European field-test on the IASB's expected credit losses model for financial instruments

  • Apr 12, 2013

  • On 7 March 2013, the International Accounting Standards Board (IASB) published its long-awaited proposal for a new accounting model for impairments of financial assets. Today, EFRAG and the National Standard Setters of France, Germany, Italy and the United Kingdom have launched a field-test designed to show whether the proposed new model addresses the weaknesses of the old model, whether the new model is operational and what costs and impacts will come with the new model.

  • IASB podcast on expected credit losses (ED)

  • Apr 11, 2013

  • The IASB staff has made available a podcast to clarify certain aspects of Exposure Draft 'Financial Instruments: Expected Credit Losses'. The podcast answers the most frequently asked questions that the IASB staff has received on the proposal.

All Related