IFRS Foundation

The Trustees of the IFRS Foundation have appointed Michel Madelain as Managing Director of the IFRS Foundation. Michel is an experienced and highly regarded leader. He previously served as President and Chief Operating Officer of Moody’s and is a former partner of EY France. Michel knows the IFRS Foundation well; he served as a Trustee of the IFRS Foundation from 2018 to 2023. Michel is appointed for a two-year term, starting in September. We look forward to welcoming him! Find out more: https://lnkd.in/e2h2v2eW   #IFRS #IASB #ISSB  International Accounting Standards Board (IASB) International Sustainability Standards Board (ISSB)

This week members of both our standard-setting boards, the #IASB and the #ISSB, have been to Mauritius for the PAN AFRICAN FEDERATION OF ACCOUNTANTS (PAFA) Annual General Meeting and Technical Forum. The theme of the conference was ‘Driving sustainable value creation in Africa’ and it was hosted by Mauritius Institute of Professional Accountants (MIPA).   ISSB Member Ndidi, Dr Nnoli-Edozien updated our African colleagues on recent developments in the ISSB’s work to develop a global baseline of sustainability disclosures, as well as African jurisdictions’ progress to adopt or use the ISSB’s Standards. IASB members Bertrand Perrin and Bruce Mackenzie spoke about the IFRS work plan, new Accounting Standards and the uptake of the IASB’s IFRS for SMEs Standard in Africa. Thank you to PAFA for facilitating the opportunities for valuable engagement with our African stakeholders. #IFRS #IASB #ISSB

We're looking for a Project Management Office Manager to join the IFRS Foundation. Read more about the role and how to apply: https://lnkd.in/eiZiPACP

Did you know that an IFRS Digital Subscription grants you access to premium features that enhance efficiency and collaboration? If you frequently browse the IFRS Accounting Standards Navigator with your free IFRS.org account, you might be ready for something more powerful. With an IFRS Digital Subscription, you get up-to-date IFRS Accounting Standards, past documents from the digital archive with personal filtering options and premium access to the IFRS Accounting Standards Navigator. 📃 Read our handy one-page guide to the IFRS Digital Subscription: https://lnkd.in/eMVRFCjz 👉 Follow this link to subscribe: https://lnkd.in/ep-B2VqQ

And that’s a wrap! Thank you to all our speakers and attendees at this year’s IFRS Foundation Conference 2024 👏   Here’s a peek at some of the ISSB-related breakout sessions we held at the conference:  (Picture 1) Implementation of IFRS S1 and IFRS S2, led by ISSB Member Veronika Pountcheva and ISSB Technical Staff–S1 Lead Sundip Jadeja. They discussed how the ISSB is supporting the implementation of the ISSB Standards through key areas such as advancing its capacity-building programme, developing educational material and maintaining the SASB Standards.    (2&3) The ISSB’s work plan, led by ISSB Member Richard Barker and ISSB Technical Staff Charlotte Lush. This session focused on the priorities of the #ISSB over the next two years following its recent Consultation on Agenda Priorities. #IFRSConference24

The IFRS Foundation Conference concludes with an interactive Q&A session where attendees are engaging directly with IASB Chair Andreas Barckow, IASB Vice-Chair Linda Mezon-Hutter and ISSB Members Richard Barker and Veronika Pountcheva. The board members are answering questions on a wide range of topics including on connectivity between the IASB and ISSB, implementation of IFRS S1 and S2 and the voluntary nature of IFRS 19. #IFRSConference24

Here’s a peek into some of our breakout sessions at the IFRS Foundation Conference. Over both days of the conference attendees have been   participating in interactive sessions, including on: (Picture 1) Consistent application of IFRS Accounting Standards—Hot topics, led by:  Bob Uhl, IASB Member  Dr. Jens Freiberg, IFRS Interpretations Committee member and Head of BDO Germany’s Accounting Advisory and Technical Accounting Groups   Dennis Deysel, IASB Technical Staff (2) Financial Instruments update, led by:  Zach Gast, CFA, IASB Member  Hagit Keren, IASB Member  Riana Wiesner, IASB Technical Director  IASB Technical Staff from the Financial Instruments project teams (3) Business Combinations—Disclosures, Goodwill and Impairment, led by:  Nick Anderson, IASB Member  Bertrand Perrin, IASB Member  Rika Suzuki, IASB Member  Jawaid Dossani, IASB Technical Director (4&5) IFRS 18 Presentation and Disclosure in the Financial Statements, led by:  Nick Anderson, IASB Member   Aida Vatrenjak, IASB Technical Director Roanne Hasegawa, IASB Technical Staff Nick Barlow, IASB Technical Staff   Juliane-Rebecca Upmeier, IASB Technical Staff #IFRS18 #IFRSConference24

June 2024 Integrated Reporting and Connectivity Council agenda and meeting papers now available: https://lnkd.in/g6DfSNui

At the IFRS Foundation Conference, our breakout session on Integrated Reporting–its heritage and use today is being led by:    - Jonathan Labrey, Chief Connectivity and Integrated Reporting Officer  - Richard Barker, ISSB Member  - Rika Suzuki, IASB Member  - Yulia Feygina, IASB Technical Director—Connectivity  - Laura Girella, Technical Specialist—Integrated Reporting They are sharing insights into the development of the Integrated Reporting Framework and explaining how it has been used since it became part of the IFRS Foundation’s materials in 2022.  The panel is also exploring how the IASB and ISSB are advocating for adoption of integrated thinking and reporting. #IFRSConference24 #IntegratedReporting #IntegratedReportingFramework

We’ve kicked off day two of the IFRS Foundation Conference with a panel session on IFRS 18 Presentation and Disclosure in Financial Statements.    The session is introducing the key requirements in IFRS 18, with insights from practitioners.    Chair of the session: Nick Anderson, IASB Member Presenters: Aida Vatrenjak, IASB Technical Director Roanne Hasegawa, IASB Technical Staff Panellists: - Ciara Lynch, Head of External Reporting and Specialist Accounting, GSK - Srinath Rajanna, EVP & Group Financial Controller, DP World and Global Preparers Forum Member - Nicola Shanley Sawaki, EY Japan IFRS Leader - Anthony Scilipoti, FCPA, FCA, CPA (Illinois), President and CEO, Veritas Investment Research Corporation and Capital Markets Advisory Committee #IFRSConference24 #IFRS18