AC 1101 - CFAS

International Financial Reporting Standards (IFRS)

The organizational structure of the International Accounting Standard Setting Body is mainly responsible for the issuance of the international accounting standards, what is the overall organizational structure called?

IFRS FOUNDATION

Global, Independent, Non-Profit Organization responsible for

developing high-quality, enforceable and internationally accepted financial

reporting and sustainability disclosures standards.

Monitoring Board

It sits at the top of the three-tier governance structure of the IFRS Foundation. Its main role is public accountability, as it provides a formal link between the trustees and public authorities.

BLU

EE