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17 Apr 2015 09:51am

IASB chief announces new mission statement

Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), has presented the new mission statement for the IASB and IFRS Foundation

Speaking in Toronto, Canada, Hoogervorst explained that the new mission statement was in line with the Foundation’s main objective - the development of high quality, understandable, enforceable and globally accepted financial reporting standards.

Hoogervorst said, “Our mission is to develop IFRS that brings transparency, accountability and efficiency to financial markets around the world.

“Our work serves the public interest by fostering trust, growth and long-term financial stability within the global economy.”

The new mission statement, which can be found on the IFRS website’s ‘about us’ home page, says that IFRS seeks to improve transparency through enhancement of international comparability; to strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money; and to improve economic efficiency.

You can find it here.

Oliver Griffin

 

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