International Financial Reporting Standards
IFRS Goals
In pursuit of this goal, the IASB works in close cooperation with stakeholders around the world, including investors, national standard-setters, regulators, auditors, academics, and others who have an interest in the development of high-quality global standards.
Progress toward this goal has been steady. All major economies have established time lines to converge with or adopt IFRSs in the near future. The international convergence efforts of the organisation are also supported by the Group of 20 Leaders (G20) who, at their September 2009 meeting in Pittsburgh, US, called on international accounting bodies to redouble their efforts to achieve this objective within the context of their independent standard-setting process. In particular, they asked the IASB and the US FASB to complete their convergence project.
Our mission is to develop IFRS® Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
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Making sound business decisions requires reliable financial reporting information. We work with all types of organizations, from the small to the large global companies, to help business leaders and stakeholders in all industries to communicate a fair picture of their financial performance.
Our experienced, trusted advisors can help with a variety of complex business issues and transactions. With our know-how, we can make recommendations for your organization’s finance function efficiency, articulate effective employee benefits programs, or realize value out of large volumes of data.
