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)

IASB (International Accounting Standards Board)

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

  • IASB launches Research Centre

  • Apr 22, 2014

  • The IASB has announced the launch of a web-based IFRS Research Centre. The Research Centre is designed to facilitate communication between the IASB and the research community. Its main objectives are to (1) increase awareness of the issues that the IASB will be considering in the coming two to three years, (2) to encourage researchers to undertake targeted research projects in these areas, and (3) to support the IASB in moving to more evidence-based standard-setting.

  • IASB staff paper on insurance contracts

  • Apr 18, 2014

  • The IASB staff has prepared a staff paper discussing where and how the proposals in the Exposure Draft (ED) 'Insurance Contracts' would change as a result of the IASB’s tentative decisions to date. It reflects tentative decisions of the IASB made through March 2014.

  • EFRAG draft comment letter on disclosure initiative

  • Apr 11, 2014

  • The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB’s Exposure Draft ED/2014/01 ‘Disclosure Initiative (Amendments to IAS 1)’ that was issued on 25 March 2014.

  • Agenda for April 2014 IASB meeting

  • Apr 11, 2014

  • The International Accounting Standards Board (IASB) will be meeting at its offices in London on 22–25 April 2014. Part of the meeting will be held jointly with the Financial Accounting Standards Board (FASB) to discuss the leases project. Additionally, the IASB will be discussing its research programme, bearer plants, issues from the Interpretations Committee, rate-regulated activities, the equity method in separate financial statements, the conceptual framework, insurance contracts, and the disclosure initiative.

  • IASB XBRL team seeks participants for its 2014 XBRL Common Practice Project

  • Apr 07, 2014

  • In the last four 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.

  • Latest IASB 'Investor Perspectives' published

  • Mar 31, 2014

  • The International Accounting Standards Board (IASB) has released another edition in its 'Investor Perspectives' series. In this edition, Patricia McConnell (member of the IASB) provides her perspectives on the IASB’s changes to accounting for own credit.

  • March 2014 IASB meeting notes — Part 5 (concluded)

  • Mar 30, 2014

  • The IASB's meeting was held on 13–21 March 2014, some of it having been a joint meeting with the FASB. We have now posted the remaining Deloitte observer notes from the IASB-only sessions on proposed amendments to IAS 1 as regards classification of financial liabilities, issues from the Interpretations Committee and the equity method in separate financial statements.

  • EFRAG fears breach of IAS 1 principle

  • Mar 28, 2014

  • The European Financial Reporting Advisory Group (EFRAG) has written to the IASB to express serious concerns about the forthcoming amendments to IAS 28 'Investments in Associates and Joint Ventures' in relation to other net asset changes when applying the equity method of accounting.

  • IASB work plan update for March 2014

  • Mar 26, 2014

  • Following its recent meeting, the International Accounting Standards Board (IASB) has updated its work plan. An exposure draft of the Conceptual Framework is expected in the fourth quarter of 2014, and the expected timing of the macro hedge accounting discussion paper has been extended to include the second quarter of this year. A number of other expected dates have been clarified, a new project added, and some new expected dates introduced.

  • March 2014 IASB meeting notes — Part 4

  • Mar 25, 2014

  • The IASB's meeting was held on 13–21 March 2014, some of it having been a joint meeting with the FASB. We have now posted the Deloitte observer notes from the IASB-only sessions on agriculture and the disclosure initiative.

  • IASB proposes amendments to IAS 1 as result of the Disclosure initiative

  • Mar 25, 2014

  • The International Accounting Standards Board (IASB) has published an Exposure Draft (ED) of proposed amendments to IAS 1 'Presentation of Financial Statements'. The amendments aim at clarifying IAS 1 to address perceived impediments to preparers exercising their judgement in presenting their financial reports. Comments are requested by 23 July 2014.

  • March 2014 IASB meeting notes — Part 3

  • Mar 24, 2014

  • The IASB's meeting was held on 13–21 March 2014, some of it having been a joint meeting with the FASB. We have now posted the Deloitte observer notes from Tuesday’s and Wednesday's joint sessions on leases.

  • March 2014 IASB meeting notes — Part 2

  • Mar 21, 2014

  • The IASB's meeting was held on 13–21 March 2014, some of it having been a joint meeting with the FASB. We have posted Deloitte observer notes from Tuesday’s IASB session on insurance contracts.

  • March 2014 IASB meeting notes — Part 1

  • Mar 20, 2014

  • The IASB's meeting was held on 13–21 March 2014, some of it having been a joint meeting with the FASB. We have posted Deloitte observer notes from Friday’s (14 March) IASB’s session on conceptual framework.

  • AASB believes the IFRS for SMEs should be updated in line with full IFRSs

  • Mar 13, 2014

  • The Australian Accounting Standards Board (AASB) has submitted a comment letter on the IASB’s Exposure Draft ED/2013/9 ‘Proposed amendments to International Financial Reporting Standard for Small and Medium-sized Entities’. In the letter the AASB expresses disappointment that the review of the standard has not been as comprehensive as hoped.

  • IFRS 2014 'Red Book' now available

  • Mar 12, 2014

  • The International Accounting Standards Board (IASB) has announced that the 2014 edition of the Bound Volume of International Financial Reporting Standards (the 'Red Book') is now available.

  • We comment on the proposals for amendments under the IASB's annual improvements project (cycle 2012-2014)

  • Mar 10, 2014

  • We have published our comment letter on the IASB's Exposure Draft ED/2013/11 'Annual Improvements to IFRSs 2012–2014 Cycle' published in December 2013. We continue to believe that the Annual Improvement Project is an efficient and effective means of dealing with isolated issues within IFRSs that are leading to divergent practice. However, in respect of the 2012-2014 cycle of annual improvements, we are concerned by the proposed amendments to three of the four standards concerned.

  • 'Convergence can never be a substitute for adoption of IFRS'

  • Mar 08, 2014

  • At the 8th IFRS Regional Policy Forum currently hosted by the Institute of Chartered Accountants of India (ICAI) in New Delhi, IASB Chairman Hans Hoogervorst gave a speech entitled 'Closing the accounting chapter of the financial crisis' in which he detailed the IASB's reaction to the financial crisis and concluded that convergence was an unstable means to achieve a single set of global accounting standards.

  • Agenda for March 2014 IASB meeting

  • Mar 07, 2014

  • The International Accounting Standards Board (IASB) will hold its next meeting on 13–21 March 2014. The meeting is segmented into three parts: (1) IASB education sessions on insurance contracts and leases; as well as an IASB-only meeting on conceptual framework will be held in London on 13–14 March 2014, (2) Joint meeting with the Financial Accounting Standards Board (FASB) to discuss the leases project and an IASB-only meeting on insurance contracts will be held in Norwalk on 18–19 March 2014, and (3) IASB-only meeting to discuss various topics from the Interpretations Committee, sweep issues on bearer plants, amendments to IAS 1, and issues related to its disclosure initiative will be held in London on 21 March 2014.

  • EFRAG, EFFAS/ABAF, and IASB announce macro hedging outreach event

  • Mar 04, 2014

  • The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS) and the Association Belge des Analystes Financiers (ABAF), and the International Accounting Standards Board (IASB) have announced the second in their series of joint outreach events will be held on 7 July 2014 to discuss how macro hedging can improve analysis of banks and insurers.

  • Agenda for March 2014 Global Preparers Forum meeting

  • Mar 03, 2014

  • Representatives from the International Accounting Standards Board (IASB) will meet with the Global Preparers Forum (GPF) in London on Tuesday, 11 March 2014. The agenda for the meeting has been released, and includes an overview of the IASB and IFRS Interpretations Committee work plans, and discussion on specific topics including macro hedging, financial instruments impairment, leases, hyperinflation, the post-implementation review of IFRS 3, and the Conceptual Framework.

All Related