IFAC calls on ISSB and IASB to jointly develop a global reporting baseline
Sep 04, 2023
On September 4, 2023, the International Federation of Accountants (IFAC) commented on the ISSB's consultation on its future work program. The ISSB's request for information had also contained a section with questions on the collaboration with the IASB.
Generally, the IFAC response to the request for information notes that IFAC supports the ISSB’s focus on high-quality implementation of IFRS S1 and IFRS S2 so that jurisdictions will more readily adopt ISSB requirements. IFAC also urges the ISSB and the IFRS Foundation to secure the resources necessary (funding, staff, volunteer expertise, etc.) to continue to move with pace in new research and standard-setting activities related to the sustainability topic areas identified in the consultation.
Access the comment letter on the IFRS Foundation website.
