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 (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Michel Prada opens the autumn 2015 IFASS meeting

  • IFRS - IASB Image
  • IFRS - IFASS (International Forum of Accounting Standard Setters) Image

Sep 29, 2015

On September 29, 2015, the International Accounting Standards Board (IASB) released the opening remarks from Michel Prada, the Chairman of the Trustees of the IFRS Foundation, which was delivered at the 2015 meeting of the International Forum of Accounting Standard Setters (IFASS) in London.

The speech, entitled Roles and responsibilities in accounting standard-setting, focuses strongly on the importance of the collaborative nature of standard-setting around the world, and the challenges facing IFRS.

The three main topics which Prada introduced were:

  • the main strategic challenges to IFRS;
  • the current structure and effectiveness review of the IFRS Foundation; and
  • the role and responsibilities of accounting standard-setters in an IFRS world.

Mr. Prada's speech outlines the progress made so far and the challenges faced with honesty and clarity, and places great emphasis on the importance of a united approach from standard-setters around the world.

Review the full text of the speech on the IASB's Web Site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.