The International Financial Reporting Standards Foundation’s Trustees published a readout of their London meeting, reaffirming the Foundation’s focus on delivering financially material information to investors through IFRS Accounting Standards and IFRS Sustainability Disclosure Standards, and prioritising sustainable, diversified funding as part of a two-year transformation programme. The Trustees reviewed progress on the programme, including a cost-savings review that is broadly complete and ongoing work on a funding strategy. Discussion covered regional developments, including feedback from the US Securities and Exchange Commission, progress in adoption of International Sustainability Standards Board (ISSB) Standards across Africa, Asia and the Americas, and opportunities and risks from the European Union’s Omnibus process for the ISSB’s global baseline. Funding priorities were set separately for each board: for the International Accounting Standards Board (IASB), restoring real-terms spending power by seeking inflation-adjusted contributions and expanding the contributor base, noting that less than a quarter of jurisdictions requiring IFRS Accounting Standards currently fund the IASB; for the ISSB, renewing or extending seed funding arrangements that end in 2026 as a bridge to a longer-term model. A shared mid-term objective is a ‘fair share’ model based on broader jurisdictional contributions from those that benefit from adopting or otherwise using the Standards. Next steps include consultation in the first half of 2026 on targeted amendments to the Foundation’s Constitution to maintain appropriate diversity and geographic balance as each board transitions from 14 to 10 members, and plans by the IASB and ISSB to run their agenda consultations concurrently in 2027.
International Financial Reporting Standards Foundation 2025-11-06
International Financial Reporting Standards Foundation Trustees set out funding priorities and transformation milestones for IASB and ISSB
The IFRS Foundation’s Trustees reaffirmed their focus on delivering financially material information through IFRS Accounting and Sustainability Disclosure Standards in a two-year transformation. They reviewed cost-savings and funding strategies, prioritizing the International Accounting Standards Board and International Sustainability Standards Board. Upcoming steps include a 2026 consultation on board diversity amendments and concurrent agenda consultations in 2027.