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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.

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