June monthly News Summary
Please find below a brief summary of news and events from the IFRS®
Foundation over the past month:
Michel Madelain appointed as IFRS Foundation Managing Director
The Trustees of the IFRS Foundation have announced the
appointment of Michel Madelain as Managing Director of the IFRS
Foundation for a two-year term beginning 9 September 2024.
IFC and IFRS Foundation announce partnership to improve sustainability reporting in emerging markets
The International Finance Corporation (IFC), a member of the World Bank Group, and
the IFRS Foundation have signed a Memorandum of Understanding agreeing their strategic
partnership to strengthen sustainable capital markets by
improving sustainability and climate reporting in emerging markets and developing
economies.
2024 IFRS Foundation Conference
The IFRS Foundation’s annual conference took place on 24−25 June 2024. Recordings of
the IASB and ISSB Chairs’ keynote speeches are available to watch
on demand. Andreas Barckow’s keynote—Complexity in focus—has also been
transcribed.
IFRS Foundation Trustees appoint three new IFRS Interpretations Committee members
The Trustees of the IFRS Foundation announced the appointments of Mark Mahar, Natsumu Tsujino and Leon Yongbum
Kim to the IFRS Interpretations Committee (Committee). Mr Mahar,
Ms Tsujino and Mr Yongbum Kim succeed Guy Jones, Goro Kumagai and Jon Nelson
respectively. The new Committee members will start their three-year terms on 1 July
2024.
Watch this short video
on how the Committee works.
Erkki Liikanen delivers opening remarks at Trustees’ stakeholder dinner in Singapore
The Trustees of the IFRS Foundation met in Singapore on 4 June 2024. Chair Erkki Liikanen delivered a speech at the stakeholder
dinner organised in conjunction with the meeting.
Papers for the public Due Process Oversight Committee meeting on 4-6 June also are
available.
ISSB delivers further harmonisation of the sustainability disclosure landscape as it embarks on new work plan
This announcement covers strategic partnership developments,
the publication of the ISSB’s Feedback Statement Consultation on Agenda Priorities and
key engagements at the IFRS Foundation Conference and London Climate Action
Week.
IASB unanimously agrees to finalise revision of the Management Commentary Practice Statement
At its meeting on 19 June, the IASB unanimously decided to move forward with
finalising the revision of IFRS Practice Statement 1 Management
Commentary by making targeted refinements to its
proposals set out in the Exposure Draft Management Commentary.
IASB issues call for papers for the 2025 IASB Research Forum
The IASB has issued a call for papers for the 2025 IASB Research Forum.
View the topics and read the call for papers. The deadline for submissions is 31 March
2025.
June 2024 IFRS for SMEs Accounting Standard Update
Read the latest edition of the IFRS for SMEs Accounting Standard Update, a summary
of news, events and other information about the IFRS for SMEs® Accounting
Standard and related activities.
IASB, ISSB and IFRS Interpretations Committee Updates and podcasts
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IASB and joint IASB–FASB Update and IASB podcast June 2024
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IFRIC Update June 2024
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ISSB Update and ISSB podcast June 2024
Other meeting updates, papers and summaries
June meeting papers and recordings
July meeting papers
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IFRS Taxonomy Consultative Group—2 July 2024
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Accounting Standards Advisory Forum—8–9 July 2024