IFRS Foundation

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IFRS Foundation

Purpose	Development and promotion of accounting standards[1]
Headquarters	Columbus House 7 Westferry Circus, Canary Wharf, London, E14 4HD  UK
Chair of the Trustees	Erkki Liikanen
Executive Director	Lee White
Website	www.ifrs.org
Formerly called	IASC Foundation

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The International Financial Reporting Standards Foundation or IFRS Foundation (sometimes IFRSF) is a nonprofit organization that oversees financial reporting standard-setting. Its main objectives include the development and promotion of the International Financial Reporting Standards (IFRS), through the International Accounting Standards Board (IASB) for accounting standards and the International Sustainability Standards Board (ISSB) for sustainability-related standards.

The IFRS Foundation states that its mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world, and that their work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.^[1]

The foundation is governed by a group of 22 trustees,^[2] themselves under the oversight of a "Monitoring Board" of public authorities.^[3]