Overview of the structure of the IFRS Foundation, IASB, and ISSB

IFRS Foundation (blue) IASB (International Accounting Standards Board) (blue) IASB (International Accounting Standards Board) (blue)

The International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) are organised under an independent foundation named the IFRS Foundation. The Foundation is a not-for-profit corporation which was created under the laws of the State of Delaware, United States of America, on 8 March 2001.

The components of the overall structure of the IFRS Foundation are set out below.  The obligations and high-level operating procedures for most components are established under the IFRS Foundation Constitution.


Group Role Formed


IFRS Foundation Oversees the work of the IASB, the structure, and strategy, and has fund raising responsibility. 8 March 2001
Due Process Oversight Committee (DPOC) Trustee committee responsible for the Trustee's oversight function under the IFRS Foundation Constitution. 2006
Monitoring Board Oversees the IFRS Foundation Trustees, participates in the Trustee nomination process, and approves appointments to the Trustees. 1 February 2009


International Accounting Standards Board (IASB) Sole responsibility for establishing International Financial Reporting Standards (IFRSs) 1 April 2001 (1)
IFRS Interpretations Committee (2) Develops interpretations for approval by the IASB, and undertakes under tasks at the request of the IASB 1 April 2001 (2)
International Sustainability Standards Board (ISSB) Sole responsibility for establishing IFRS Sustainability Disclosure Standards (IFRS SDSs) 3 November 2021
Working groups Expert task forces for individual agenda projects Formed as needed


Accounting Standards Advisory Forum (ASAF) Advises on the technical standard-setting activities of the IASB Announced 1 February 2013
IFRS Advisory Council (3) Advises the IASB and the IFRS Foundation 25 June 2001
Specialised advisory groups Capital Markets Advisory Committee (4) 2003
Effects Analyses Consultative Group 2012
Emerging Economies Group 26 July 2011
Financial Crisis Advisory Group (jointly with FASB) 30 December 2008
Global Preparers Forum
IFRS Taxonomy Consultative Group 29 April 2014
Joint Transition Resource Group for Revenue Recognition June 2014
SME Implementation Group (SMEIG) 2010
Transition Implementation Group on IFRS S1 and IFRS S2 September 2023
Transition Resource Group for Impairment of Financial Instruments August 2014
Transition Resource Group for IFRS 17 September 2017
    1. The IASB replaced the IASC Board of the International Accounting Standards Committee (IASC) with effect from this date.  The IASC was formed in 1973.
    2. Until 31 March 2010, the IFRS Interpretations Committee was named the International Financial Reporting Interpretations Committee (IFRIC).  IFRIC replaced the Standards Interpretations Committee (SIC) of the IASC with effect from 1 April 2001.  The SIC was part of the original IASC structure formed in 1973.
    3. Until 31 March 2010, the IFRS Advisory Council was named the Standards Advisory Council (SAC).
    4. Formerly the Analyst Representative Group (ARG).


    Correction list for hyphenation

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