EFRAG Response. On 30 September 2020, the Trustees of the IFRS Foundation published a consultation paper on Sustainability Reporting (‘the paper’). 2 INTRODUCTION ICAS welcomes the opportunity to comment on the IFRS Foundation’s Request for Views. The consultation paper also considers the Foundation’s role in the development of sustainability standards. The Trustees are not involved in any technical matters relating to IFRS Standards. IFRS Foundation appoints three new Trustees; 16 Dec 2020. Session expired, please refresh your browser. Their appointments will begin on 1 January 2021 and will expire on 31 December 2023. This website uses cookies. We are a professional body for over Japan’s Financial Accounting Standards Foundation and IFRS Foundation Trustees reaffirm shared commitment to global standards. The Trustees are responsible for the strategic direction and governance of the Foundation as well as for oversight of the International Accounting Standards Board, which sets IFRS Standards. Note: This is a verbatim transcript and … This responsibility rests solely with the Board. The IFRS Foundation was established to develop a single set of globally accepted accounting standards. Please remove any invalid characters ('', '+', '|'), links or URLs (e.g www.ifrs.org, http://www.ifrs.org) from the 'Your query' field and re-submit. It expresses support for the IFRS Foundation Trustees leading the conversation and work in this area. This posting can also be viewed here on our appointments page. © IFRS Foundation 2017. Stakeholders’ comments are due by 31 December 2020. Question 1 The IASB’s current remit is appropriate; it should not be extended for private non-profit sectors. Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: Calls for standardisation and comparability of reporting on sustainability and climate-change issues continue to grow as these matters become increasingly important to capital markets. Amid heightened focus on environmental, social and governance (ESG) matters, developments in sustainability reporting and increased calls for standardisation of such reporting, the Trustees are now seeking stakeholder input on the need for global sustainability standards and gauging support for the Foundation to play a role in the development of such standards. The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards. In conjunction with the meeting of the IFRS Foundation’s Trustees in Tokyo, Japan, the IFRS Foundation Trustees and Japan’s Financial Accounting Standards Foundation (FASF) have today issued a joint statement. Accessibility   |   Privacy   |   Terms and Conditions   |   Trade mark guidelines   |   All legal information   |   Using our website. Date: 15 th October 2020 . Monitoring Board and IFRS Foundation Trustees Meeting (Transcript of Public Meeting) Date: 12 July, 2012 Venue: Washington D.C. Colette Bowe, Teresa Ko, Larry Leva, Michel Madelain, Ross McInnes, Vinod Rai and Lucrezia Reichlin have all been re-appointed for a second three-year term, effective 1 January 2021. • The Consultation Paper is part of the Trustees’ consultation process on the Foundation’s strategy. These include investors, financial analysts and other users of financial One possible option outlined in the paper is for the Foundation to establish a new sustainability standards board. Publication: Use of IFRS Standards around the world [PDF], How the IFRS Interpretations Committee helps support consistent application, Supporting materials for the IFRS for SMEs Standard. An error has occurred, please try again later. The IFRS Foundation's logo and the IFRS for SMEs® logo, the IASB® logo, the ‘Hexagon Device’, eIFRS®, IAS®, IASB®, IFRIC®, IFRS®, IFRS for SMEs®, IFRS Foundation®, International Accounting Standards®, International Financial Reporting Standards®, NIIF® and SIC® are registered trade marks of the IFRS Foundation, further details of which are available from the IFRS Foundation on request. IFRS Developments . In this publication, we discuss these areas in more detail. About the Trustees of the IFRS Foundation (Trustees) The Trustees are responsible for the governance and oversight of the IFRS Foundation and the International Accounting Standards Board (Board). Any changes to the Foundation’s remit would be subject to further public consultation. The IFRS Advisory Council is the formal advisory body to the IASB and the Trustees of the IFRS Foundation. This website uses cookies. GRI comments on the Trustees' sustainability consultation; 15 Dec 2020 The IFRS Foundation was established to develop a single set of globally accepted accounting standards. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Webinars discussing the Consultation Paper will be scheduled during the consultation period—further information will become available on the project page. The . IFRS Foundation consultation on sustainability reporting: FCA response We welcome the consultation paper published by the Trustees of the International Financial Reporting Standards (IFRS) Foundation, exploring the potential role the IFRS Foundation could play in sustainability reporting. The session will be moderated by EAA President Thorsten Sellhorn. Invalid characters in 'Your Query' field. Head office: Columbus Building, 7 Westferry Circus, Canary Wharf, London E14 4HD, UK. Session expired, please refresh your browser. Composition de l'IFRS Foundation. The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Trustees of the IFRS Foundation 30 Cannon Street London EC4M 6XH UNITED KINGDOM Dear Trustees Request for Views IFRS Trustees' Review of Structure and Effectiveness: Issues for the Review The Asian-Oceanian Standard-Setters Group (AOSSG) is pleased to respond to the IFRS Trustees' Request for Views. For the convenience of prospective participants in different time zones, there will be two sessions of the webinar on Tuesday 17 November 2020. At the IFRS Foundation, the Trustees review the strategy every five years. The IFRS Trustees of the IFRS Foundation published a consultation paper on the need for global sustainability standards. The consultation is open for comment until 31 December 2020. The IFRS Foundation Trustees invite interested stakeholders to join them for a live webinar on their Consultation Paper on Sustainability Reporting. The IFRS Foundation's logo and the IFRS for SMEs® logo, the IASB® logo, the ‘Hexagon Device’, eIFRS®, IAS®, IASB®, IFRIC®, IFRS®, IFRS for SMEs®, IFRS Foundation®, International Accounting Standards®, International Financial Reporting Standards®, NIIF® and SIC® are registered trade marks of the IFRS Foundation, further details of which are available from the IFRS Foundation on request. Please complete the CAPTCHA field to verify you are human. The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards. Our CA qualification is internationally recognised and respected. The IFRS Foundation has announced the appointment of Robert Pozen, Kenneth Robinson, and Erhard Schipporeit as Trustees of the IFRS Foundation. • To the Trustees of the IFRS Foundation, Thank you for the opportunity to comment on the consultation paper regarding sustainability reporting and the role of IFRS. We therefore seek to assess whether there is demand for global sustainability standards and whether the IFRS Foundation should play a role in developing such standards. What you need to know • On 30 September 2020, the Trustees of the IFRS Foundation published a Consultation Paper on the need for global sustainability standards and the Foundation’s role in their development. The Trustees are required to consult on the Foundation’s strategy every five years and this Consultation Paper, based on work by a smaller Trustee Task Force, feeds into their current assessment of future strategy. To: Erkki Liikanen, Chair, IFRS Foundation Trustees. The IFRS Foundation is seeking four Trustees: two from the Americas, one from the At Large category and one from Europe for vacancies that will become available in January 2021. Response to IFRS Foundation Request for Views: Trustees’ Review of Structure and Effectiveness: Issues for the Review . To: Erkki Liikanen, Chair, IFRS Foundation Trustees From: Professors of Accounting conducting research in the field of sustainability accounting and reporting and Editors of accounting journals that publish this research Date: 15th October 2020 Open Letter regarding the IFRS Foundation’s Consultation Paper on Sustainability Reporting The Consultation Paper sets out critical success factors for the creation of a new board, including achieving sufficient support from public authorities and market participants; working with regional initiatives to achieve global consistency and reduce complexity in the reporting landscape; achieving the appropriate level of funding; and ensuring the current mission of the IFRS Foundation is not compromised. L'IFRS Foundation est composée de 22 membres appelés "Trustees" qui ont pour fonction d'assurer la direction de l'IASB ainsi que des entités qui lui sont associées (notamment l' IFRS Advisory Council et l' IFRS Interpretations Committee). 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