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IFASS

International Forum of Accounting Standard Setters (IFASS) (formerly known as National Standard-setters)

The IFASS is a grouping of national accounting standard-setters from around the world, including other organisations that have a close involvement in financial reporting issues.  The group is chaired by Ms. Tricia O’Malley. 

IFASS supports the mission of the International Accounting Standards Board (‘IASB’) to develop a single set of high quality, understandable and enforceable global accounting standards that require high quality, transparent and comparable information.

In furtherance of these aims IFASS:

  • Assists participants in carrying out research aimed at the development of improved future accounting standards.
  • Reviews and comments on IASB’s agenda and proposals for changes in international bodies concerned with financial reporting.
  • Provides a forum for an exchange of views and sharing of experience between participants about other issues in financial reporting, including in the public and not-for-profit sectors.

MASB participates in the IFASS meetings and for details of past meetings, please follow the links below: