Trustees issue report on the future strategy of the IFRS Foundation

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27 Apr 2011

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), today published a report on the strategy of the IFRS Foundation as it enters its second decade.

The Trustees' Strategy Review covers four areas:
  • the IFRS Foundation's mission
  • governance
  • the standard-setting process
  • financing of the IFRS Foundation

The Trustees welcome comments by 25 July 2011 and will hold strategy review roundtables on 7 June in Tokyo, 8 June in Hong Kong, 13 June in New York, and 21-22 June in London.

Also, the Monitoring Board of the IFRS Foundation is conducting a review of the Foundation's governance. The goal of the Monitoring Board Governance Review is to lay out the responsibilities and roles of the Monitoring Board, Trustees and IASB.

The Monitoring Board and the Trustees are co-ordinating with each other to create an integrated package of the two reviews by the end of this August of this year.

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