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The public at large benefits from strong accounting standards

  • IFRS - IASB Image

Sep 14, 2015

On September 14, 2015, the International Accounting Standards Board (IASB) released a new publication where Hans Hoogervorst, Chairman of the IASB, and Michel Prada, Chairman of the IFRS Foundation Trustees, which oversees the IASB, set out how acting in the public interest is at the core of the standard-setter’s activities.

In the publication, entitled Working in the public interest: the IFRS Foundation and the IASB, they describe the organisation’s public interest focus by concentrating on three main topics:

  • who the audience of IFRS is;
  • the characteristics of IFRS; and
  • an explanation of the organisation’s three-tier structure, governance and funding.

Review the press release and the publication on the IASB's Web Site.

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