The IFRS Foundation has a three-tier governance structure, based on an independent standard-setting Board of experts (International Accounting Standards Board), governed and overseen by Trustees from around the world (IFRS Foundation Trustees) who in turn are accountable to a monitoring board of public authorities (
Beside this, what is the structure of IASB?
The IASB structure has the following main features: The IASC Foundation is an independent organization having two main bodies, the Trustees and the IASB, as well as a Standards Advisory Council and the International Financial Reporting Interpretations Committee.
Also Know, what is the IFRS hierarchy? IFRS Hierarchy Collectively, all pronouncements and interpretations are known as IFRS or IFRSs. A hierarchy exists among the standards issued within and related to IFRS. This hierarchy shows the researcher where to begin the search for a solution to a problem or issue under review.
Furthermore, which body issue is IFRS?
IFRS are issued by the International Accounting Standards Board (IASB). They specify how companies must maintain and report their accounts, defining types of transactions and other events with financial impact.
How many standards are there in IFRS?
List of International Financial Reporting Standards (IFRS)
| Standard No. | Standard Title |
|---|---|
| IFRS 12 | Disclosure of Interests in Other Entities |
| IFRS 13 | Fair Value Measurement |
| IFRS 14 | Regulatory Deferral Accounts |
| IFRS 15 | Revenue from Contracts with Customers |