IFRS Foundation Monitoring Board reaffirms importance of ongoing oversight

The IFRS Foundation Monitoring Board met recently. They were joined by the members of the Trustees of the IFRS Foundation and the Chair of the IASB and the ISSB.
The Monitoring Board was informed of the ongoing activities of the IFRS Foundation. The Monitoring Board conveyed its expectations on:
  • connectivity between the financial statements and sustainability-related disclosures
  • further exploration of effective functioning of the multi-location model to maximize the potentials of the IASB and the ISSB under the leadership of the Trustees of the IFRS Foundation.
  • stable and diversified funding to support the work of the IASB and the ISSB.
The Monitoring Board also reiterated the equal importance of the work of both the IASB and ISSB.
The press release by IOSCO with the report from the meeting may be accessed here.