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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

  • "One size does NOT fit all"

  • Jun 18, 2013

  • On 13 June, the Accounting Standards Committee of Germany (ASCG) celebrated its 15th anniversary. It did so with a symposium entitled ‘National standard-setting in the national, European and international context’ which saw a presentation by Prof. Dr. Christian Leuz of the University of Chicago Booth School of Business, followed by a round of questions and answers and a panel discussion with IASB chairman Hans Hoogervorst and the chairmen of the national standard-setters of France, Italy and the United Kingdom: Jérôme Haas, Angelo Casò and Roger Marshall. The discussion was moderated by the president of the ASCG, Dr. Liesel Knorr.

  • IASB XBRL team seeks participants for its 2013 XBRL Industry Practice Project

  • Jun 10, 2013

  • In the last three years, the IASB XBRL team has been interacting with companies from various countries and industries to identify and develop extra concepts to the IFRS taxonomy reflecting common practices. The IASB XBRL team is re-establishing the project to examine and develop common industry practice concepts for the IFRS Taxonomy, and is looking to work directly with stakeholders across different industries and regions in order to increase comparability, reduce the number of XBRL extensions, and lower the burden on preparers. The process will be conducted by a joint programme of empirical analysis and interaction with industry representatives.

  • Agenda for the June 2013 IASB meeting

  • Jun 09, 2013

  • The IASB is meeting at its offices on 18 and 19 June 2013. Topics to be discussed by the IASB include the comprehensive review of the IFRS for SMEs and the annual improvements (cycles 2010-2012 and 2011-2013). The meeting also includes a joint meeting with the FASB to discuss the IASB's feedback on its proposals for limited scope amendments to IFRS 9 (classification and measurement).

  • SEC representatives stress importance of international standard-setting

  • Jun 02, 2013

  • In speeches delivered at the 32th Annual SEC and Financial Reporting Institute Conference in Pasadena, Paul A. Beswick, the Chief Accountant at the US Securities and Exchange Commission (SEC), and the SEC's Commissioner Elisse B. Walter spoke about why the U.S. needs a strong IASB and on the topic of high-quality financial reporting.

  • Russell Golden outlines priorities for the FASB

  • May 31, 2013

  • In a speech delivered at the 32th Annual SEC and Financial Reporting Institute Conference in Pasadena, California on 30 May, upcoming Financial Accounting Standards Board (FASB) Chairman Russell Golden presented his views on the FASB’s current and future tasks.

  • ICAA report calls for public sector accounting standard reform

  • May 31, 2013

  • The Institute of Chartered Accountants in Australia (ICAA) has released a report calling for reform of global public sector reporting, including the 'transformation' of the International Public Sector Accounting Standards Board (IPSASB) and the integration of the private and public sector financial reporting models under the auspices of the IFRS Foundation, possibly eventually leading in the longer term to a potential merger of the IPSASB and International Accounting Standards Board (IASB).

  • Latest IASB work plan tweaks delivery timeframes for a number of projects

  • May 31, 2013

  • The International Accounting Standards Board (IASB) has updated its work plan, following its recent meeting and the issue of a number of pronouncements. The timing of expected milestones have been deferred or clarified in relation to general hedge accounting, annual improvements and other narrow scope projects. Following the issue of the re-exposed leases proposals, the work plan formally schedules the expected commencement of redeliberations in the fourth quarter of 2013.

  • Agenda for upcoming joint CMAC-GPF meeting

  • May 30, 2013

  • Representatives from the International Accounting Standards Board (IASB) will meet with both the Capital Markets Advisory Council (CMAC) and Global Preparers Forum (GPF) in London on Thursday, 13 June 2013. The agenda for the joint meeting has been released. The meeting will consist of a series of discussions and breakout sessions on disclosure, financial performance and leases.

  • IASB amends IAS 36 regarding recoverable amount disclosures for non-financial assets

  • May 29, 2013

  • The International Accounting Standards Board, as a consequential amendment to IFRS 13 'Fair Value Measurement', modified some of the disclosure requirements in IAS 36 'Impairment of Assets' regarding measurement of the recoverable amount of impaired assets. However, one of the amendments potentially resulted in the disclosure requirements being broader than originally intended. The IASB has rectified this through the issue of 'Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36)'.

  • IASB releases Feedback Statement on disclosure

  • May 28, 2013

  • The International Accounting Standards Board (IASB) has published a Feedback Statement summarising the discussions at a forum hosted by the IASB on financial information disclosure, and outlining its response to the matters raised. The IASB wishes to act as a catalyst for collective action by preparers, regulators, the accounting profession, as well as the IASB, to address ongoing concerns about the quality and quantity of financial reporting disclosure. In its response, the IASB has indicated it will consider a number of initiatives, including narrow scope amendments to IAS 1 'Presentation of Financial Statements', seeking to develop educational material on materiality, and considering a project as part of its research agenda to address broader challenges associated with disclosure.

  • May 2013 IASB meeting notes — Part 4 (Final)

  • May 27, 2013

  • The IASB's meeting was held in London on 21-24 May 2013. We have posted the final Deloitte observer notes from Friday's session on limited amendments to IFRS 9, where the IASB and FASB discussed feedback received by the IASB on its exposure draft ED/2012/4 'Classification and Measurement: Limited Amendments to IFRS 9'.

  • May 2013 IASB meeting notes — Part 3

  • May 24, 2013

  • The IASB's meeting was held in London on 21-24 May 2013. We have posted Deloitte observer notes from Wednesday's session on novation of derivatives and continuation of hedge accounting (IAS 39); Thursday's sessions on macro hedge accounting and revenue recognition; and Friday's joint IASB/FASB session on revenue recognition.

  • May 2013 IASB meeting notes — Part 2

  • May 23, 2013

  • The IASB's meeting is being held in London on 21-24 May 2013. We have posted Deloitte observer notes from Wednesday's sessions on mandatory purchases of NCI (IFRS 3), interim financial report (IAS 34), contingent consideration (IFRS 3), valuation of biological assets (IAS 41/IFRS 13), equity method in separate financial statements (IAS 27), and conceptual framework.

  • IFRS Foundation Annual Report 2012

  • May 23, 2013

  • The IFRS Foundation (IFRSF) under which the IASB operates has published its Annual Report for 2012. The report is split into three sections: IFRS Foundation, Standard-setting activities, and Financials.

  • May 2013 IASB meeting notes — Part 1

  • May 22, 2013

  • The IASB's meeting is being held in London on 21-24 May 2013. We have posted Deloitte observer notes from Tuesday's sessions on fair value measurement and comprehensive review of the IFRS for SMEs.

  • 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.

  • FRC calls for responses to its draft comment letter on the IASB’s impairment proposals

  • May 17, 2013

  • The FRC has prepared a draft comment letter giving its preliminary views on the IASBs Exposure Draft, Financial Instruments: Expected Credit Losses. The draft comment letter seeking responses provides a clear indication that the FRC are satisfied with the majority of the proposals in the ED and feel that they are likely to meet users’ needs to provide expected credit losses.

  • 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.

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