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IFRS Foundation Annual Report 2013

  • IFRS Foundation (blue) Image

22 May 2014

The IFRS Foundation (IFRSF) under which the IASB operates has published its Annual Report for 2013, titled 'Charting progress towards global accounting standards'. The report is split into three sections: IFRS Foundation, standard-setting activities, and financials.

The report summarises the use of IFRS around the world and includes audited financial statements and a comprehensive breakdown of the financial support received by the IFRS Foundation during 2013.

In his "Report of the Chairman of the IFRS Foundation Trustees" Michel Prada describes the challenges of "how best to support developed and emerging economies alike at whatever point they are on their journey towards IFRS adoption." He discusses the IFRS Foundation's achievements in 2013 and priorities for 2014 and beyond.

Hans Hoogervorst provided a summary of convergence efforts and discussed the IASB's new work plan in his “Report of the Chairman of the IASB”.

The full report — which also contains statements from the Monitoring Board, Due Process Oversight Committee, IFRS Interpretation Committee, and Advisory Council, as well as audited financial statements — is available on the IASB's website.

Note: The IFRS Foundation announced on 6 June 2014 that the financial statements contained in the annual report are also available in XBRL mapped to the IFRS Taxonomy 2014.  The XRBL files are available on the annual reports page on the IASB website.

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