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EFRAG and IFASS

Description


International Forum of Accounting Standard Setters (IFASS) 

The International Forum of Accounting Standard Setters (IFASS) (formerly known as National Standard-setters) is a grouping of national accounting standard setters from around the world, plus other organisations that have a close involvement in financial reporting issues. 

IFASS provides a platform for national accounting standard setters, and other interested organisations, to discuss current issues and developments in international financial reporting. 

The IASB participates in these meetings on equal footing with national standard setters. In addition, the IASB uses IFASS to conduct outreach, especially for queries lodged with the IFRS Interpretations Committee, to gather information on the practical relevance, prevalence, and current practice of potential agenda item requests.

The charter which sets out the understanding between the IASB and the IFASS members is available here.

EFRAG has been granted the Chairmanship of IFASS with EFRAG TEG Chairwoman, Chiara Del Prete, being the new IFASS Chair for the March 2022 - March 2024 period.

For any inquiries, please contact secretariat@ifass.net.

Recent EFRAG news letters regarding IFASS are available below:


05/01/2022 - EFRAG TEG Chairwoman Chiara Del Prete appointed as IFASS chair from March following the nomination by EFRAG

EFRAG has been granted the Chairmanship of International Forum of Accounting Standard Setters (IFASS) with EFRAG TEG Chairwoman, Chiara Del Prete, being the new IFASS Chair succeeding Yasunobu Kawanishi, for the March 2022 - March 2024 period.

Read the complete news: here

The reports on past meetings, are available below:


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