International Financial Reporting Standards Foundation

The ifrs foundation is an independent, not-for-profit organization created in 2001 to develop in the public interest high-quality, understandable, enforceable and globally accepted Standards for Financial Reporting, and to promote and facilitate their adoption. The Standards, ifrs accounting Standards and ifrs sustainability disclosure Standards, are collectively referred to as ifrs Standards. They are set by the foundation's two independent standard-setting bodies, the International accounting Standards board (iasb) and the International sustainability Standards board (issb), using a rigorous, inclusive and transparent due process.