| September 1996 | IASC Board approves formation of a 'Strategy Working Party' (SWP) to consider what IASC's strategy and structure should be when it completes the 'Core Standards' work programme. |
| December 1998 | SWP publishes a Discussion Paper, Shaping IASC for the Future, and invites comments:
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| April - October 1999 | Various meetings of SWP to discuss the comments on their initial proposal and to develop final recommendations. |
| December 1999 | SWP final report, Recommendations on Shaping IASC for the Future (PDF 89k). The IASC Board passes a resolution supporting the report and appoints a Nominating Committee for the initial Trustees. |
| January 2000 | Nominating Committee elects SEC Chairman Arthur Levitt as its Chair and invites nominations from public. |
| March 2000 | IASC Board approves a new Constitution reflecting the SWP proposals. |
| May 2000 | Nominating Committee announces the selection of the initial Trustees
Click for IASC Press Release (PDF 26k) |
| May 2000 | IASC Member Bodies unanimously approve the restructuring and the New IASC Constitution.
Click for IASC Press Release (PDF 23k) |
| June 2000 | Trustees appoint Sir David Tweedie as the first Chairman of new IASC Board.
Click for IASC Press Release (PDF 32k) |
| July-December 2000 | Trustees invite nominations for membership on the new IASC Board, narrow the list to approximately 45 finalists, and conduct interviews in London, New York, and Tokyo. |
| December 2000 | IASC Board approves a Statement to the new IASC Board commenting on projects to be carried forward and possible additional projects to be undertaken. See summary at Main Restructuring Page. |
| January 2001 | Trustees invite nominations for membership on the Standards Advisory Council |
| January 2001 | Appointments of the Members of the International Accounting Standards Board are announced. The new name of the standard-setting board is the International Accounting Standards Board. |
| March 2001 | IASC Trustees activate Part B of IASC's Constitution and establish a non-profit Delaware corporation, named the International Accounting Standards Committee Foundation, to oversee the IASB.
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| April 2001 | On 1 April 2001, the new IASB takes over from the IASC the responsibility for setting International Financial Reporting Standards. |
| April 2001 | First official meeting of the new IASB to adopt existing IAS and SICs and to deliberate its agenda and other issues. |
| May 2001 | IASB meets with chairs of those national accounting standards-setting bodies that have a formal liaison relationship with IASB – Australia/New Zealand, Canada, France, Germany, Japan, UK, and US – to begin coordinating agendas and setting out convergence goals. |
| June 2001 | IASB moves into new offices at 30 Cannon Street, London. Click for
Photo of New IASB Offices.
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