IFRS: Definition
The IFRS Foundation is a non-profit, public interest organisation established to create high-quality, understandable, enforceable, and globally accepted accounting and sustainability disclosure standards. These standards are developed by two standard-setting bodies, the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB).
Related Terms
IFRS S1
The primary objective of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information is to mandate entities…
IFRS S2
The primary aim of IFRS S2 Climate-related Disclosures is to compel an organisation to provide information concerning its…
IFRS Sustainability Disclosure Standards
In June 2023, the International Sustainability Standards Board (ISSB) issued its inaugural pair of IFRS® Sustainability Disclosure Standards…
1.5°C
The Paris Agreement commits countries to limit global warming to well below 2°C above pre-industrial levels, with an…
AASB
The Australian Accounting Standards Board (AASB) is a government agency in Australia responsible for developing and maintaining financial…