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Constitution


This Constitution was approved in its original form by the Board of the former International Accounting Standards Committee (IASC) in March 2000 and by the members of the IASC at a meeting in Edinburgh on 24 May 2000.

At its meeting in December 1999, the IASC Board had appointed a Nominating Committee to select the first Trustees. These Trustees were nominated on 22 May 2000 and took office on 24 May 2000 as a result of the approval of the Constitution.

Related documents

  • View the Constitution of the IASC Foundation.

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In execution of their duties under the Constitution, the Trustees formed the IASC Foundation on 6 February 2001. As a consequence of a resolution by the Trustees, Part C of the revised Constitution approved on 24 May 2000 ceased to have effect.

Reflecting the Trustees’ decision to create the International Financial Reporting Interpretations Committee (IFRIC)), and following public consultation, the Constitution was revised on 5 March 2002.

Subsequently, the Trustees amended the Constitution, with effect from 8 July 2002, to reflect other changes that had taken place since the formation of the IASC Foundation.