Skip to main content

IFRS Foundation Trustees publish findings on independent perception research



The Trustees of the IFRS® Foundation, responsible for the governance and oversight of the International Accounting Standards Board (Board), today published the findings of independent research commissioned to better understand stakeholder attitudes towards the work of the IFRS Foundation and the Board.


The research found that the IFRS Foundation is perceived as being successful in achieving its public interest mission, and is highly rated for transparency, independence and professionalism. The research also identifies areas for further development, mainly around the complexity of its Standards, the timeliness of its standard-setting process and the need to respond quickly in a changing world.

The research was conducted between February and May 2017 by Ebiquity, an independent research agency. Ebiquity interviewed 50 senior stakeholders from around the world. That research was then supplemented with online surveys of members of the IFRS Foundation’s advisory bodies, including the IFRS Advisory Council and the Accounting Standards Advisory Forum, as well as a separate survey of the Board and senior staff.

As a follow up to the strategic review conducted in 2016, the commissioning of the research is part of a broader initiative led by the Trustees to develop a series of key performance indicators by which to report on the overall effectiveness of the IFRS Foundation.

The findings of the research are generally in line with feedback received through other channels, and the organisation has already introduced some changes in the areas identified as warranting improvements.

Michel Prada, Chairman of the IFRS Foundation Trustees, said:

These findings are very encouraging, particularly given the size of the organisation compared to our global remit, and will help the Trustees discharge our oversight responsibilities.

We will work with the Board and staff to ensure that our future plans and priorities are informed by this feedback. We are grateful for the many insights and thoughtful contributions provided by our stakeholders from around the world.


The full report can be accessed here.

Labels:

Comments

Post a Comment

Popular posts from this blog

Treasury Bills Quotation

As an OTC securities exchange focused on empowering the Nigerian debt capital market, FMDQ provides an efficient platform for the quotation, valuation and trading of Nigerian Treasury Bills (NTBs). NTBs are short-term Federal Government of Nigeria (FGN) debt instruments maturing in one year or less, sold at a discount and redeemed at par. The FGN, under the authority of the Debt Management Office (DMO), issues Treasury Bills through the Central Bank of Nigeria (CBN), to provide short-term funding for the FGN budget deficit. Through its mission to be credible and innovative in support of the Nigerian economy, FMDQ provides market transparency and global visibility to the quoted NTBs through the FMDQ Bloomberg E-Bond Trading and Surveillance System, the Quotations page on its website and the publication of the FMDQ Daily Quotations List (DQL), promoting credibility for the NTBs and enhancing investor confidence in the instruments. Secondary market liquidity is e...
Post a Comment
Explore more »

Joint IFRS Foundation and MASB 2017 IFRS Regional Conference—Kuala Lumpur

The IFRS Foundation and the Malaysian Accounting Standards Board (MASB) are jointly hosting an IFRS conference at the Hilton Hotel in Kuala Lumpur on Friday 8 September 2017.  This one-day conference will bring together representatives of the International Accounting Standards Board (the Board) who will discuss IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases. The speakers will focus on practical implementation issues and challenges of these new Standards. The conference will also provide unique insight into standard-setting projects and enable participants to hear about financial reporting—directly from the people who set the Standards. Friday 08 September 2017 Starts: 09:00  Ends: 18:00 Hilton Kuala Lumpur Hotel, 3, Jalan Stesen Sentral 5, 50470 Kuala Lumpur, Malaysia Further information Presenters include Board Member Mary Tokar, Director of Education Matt Tilling and Senior Technical Manager Kathryn Donkersley. The speakers will also pro...
Post a Comment
Explore more »

Finance Leadership & Development

  What Do We Mean by Finance Leadership & Development? Finance leadership and development involves ensuring that professional accountants in business—or finance professionals, as they are often called—respond to the continually changing expectations of their organizations, the financial markets, and society. “Professional accountants in business” have diverse roles, and support their organizations in a wide range of job functions at various levels. These include: Leadership/management: chief executive officer (CEO); chief financial officer (CFO)/financial director (FD); chief operating officer; director of governance or operations; treasurer Operational: business unit controller; financial or performance analyst; cost accountant; resources manager; business support manager; systems analyst Management control: business assurance manager; risk manager; compliance manager; internal auditor Accounting and stakeholder communications: group controller; head of reportin...
Post a Comment
Explore more »