About the IASB

The IASB (International Accounting Standards Board) is an independent standard-setting board, appointed and overseen by a geographically and professionally diverse group of Trustees of the IASC Foundation who are accountable to the public interest.

It is supported by an external advisory council (SAC) and an interpretations committee (IFRIC) to offer guidance where divergence in practice occurs.

The Trustees appoint the 14 Board members, who come from nine countries and have a variety of functional backgrounds. According to the IASC Foundation Constitution, Board members must:

comprise a group of people representing, within that group, the best available combination of technical skills and background experience of relevant international business and market conditions in order to contribute to the development of high quality, global accounting standards.

The IASB co-operates with national accounting standard-setters to achieve convergence in accounting standards around the world.