Financing and budget

Date recorded:

Mr Glauber noted that the Monitoring Board had been given the IFRS Foundation's 2010 financial statements, which showed an operating loss, although smaller than expected. The 2011 budget was balanced, a feat managed by close cost control and better expected revenues. He was encouraged by developments in the fundraising area, and in particular there was 'important progress' with the US SEC and the Financial Accounting Foundation.

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