Global Standards for the world economy

Thursday 20 February 2020

Banner graphic

IFRS Foundation

Organisation history

The IFRS Foundation and the IASB were established in 2001 in order to develop a single set of high quality, understandable, enforceable and globally accepted financial reporting standards based upon clearly articulated principles. The below highlights some notable developments since then.

For more detailed informationĀ on adoption of IFRS around the world, see our Jurisdiction profiles.