H(蟛�Xγ������|:�4���h����F�\����6�l�G�E=��/=Aαz(gn�i�����]�>�~Ͳ���qլf͸Y�~?p�� ��|� Nor do those responsibilities alter the Trustees' responsibilities as described in the IFRS Foundation Constitution. IFRS Foundation Monitoring Board [8 membri] 5 Come nascono gli IFRS? The members of the Monitoring Board are … Its main objectives include the development and promotion of the International Financial Reporting Standards (IFRS Standards) through the International Accounting Standards Board (IASB), which it oversees. A short report from the meeting has been posted to the Monitoring Board's website. 3 The Monitoring Board was kept informed of the preparation of the consultation paper but did not provide formal comments on this The IFRS Foundation (IFRSF) under which the IASB operates has published its Annual Report for 2014, titled 'Financial reporting standards for the world economy'. The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2019. Commenting on the appointment, Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: We are delighted to announce the appointment of Andreas Barckow as IASB Chair. endstream endobj 130 0 obj <>stream The IFRS Foundation Monitoring Board (MB), responsible for the oversight of the IFRS Foundation, has published its 2018-2019 work plan. ^ "Overview of the structure of the IFRS Foundation and IASB" Deloitte Global Services Limited, 30 August 2012. The Monitoring Board’s main responsibilities are to ensure that the Trustees continue to discharge their duties as defined by the IFRS Foundation Constitution, as well as approving the appointment or reappointment of Trustees. Call on the IASB to undertake all reasonable efforts to consider issue(s) in a manner that is consistent with the public interest, taking into account the protection of investors, Call on the IASB to explain its position through the Trustees regarding the IASB's position on the issue(s). endstream endobj 131 0 obj <>stream The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), today announced the appointment of Prof Dr Andreas Barckow as next chair of the IASB. About the IFRS Foundation Monitoring Board. The Monitoring Board's Final Report on the Review of the IFRS Foundation's Governance published in February 2012 identified a number of enhancements, among them expanding the membership, developing criteria for membership and beginning periodic assessments of the members against membership criteria. H��T�n�0��+�H#J�lA�:F�P��%=8~2����m�ﻳ4e� Ѓer5;;�C������~B6�����z�Iӌ�%�Չ�)(��T�{�=i]����*'Kղ�����b�(:c��Y?��K�3���q/N:�5,���[T�0��+���R��;S��+��U;���5���!b�SV�u2�jG��t�n��%�)���6W�u�~B�X'yG$٤m�.%��Sϧg�yh�D*yӃ���B�QM(�!������ɬΝ�CXc3��Ol8���]k��T����k�&��9I62C9Y�gθ��N�l��V���T6P���N;�������̩������N�� ����9������0� �߱���f�~6��<7��+���4�"����B'��E{7LH�M�2O�Mӵ{�>�Y����MëdwNL�ĬȲ�{�����"��Ё�F"K���P���ߗl��)�2Ӹ�� �c��h ��Ԍ�;W*x�Q�r�W~�A��Z'Cբ��u2�����h��V�� O㽅W�}���r����I�O�8����l�������,\?����Yx�^��� ��(��׉�4$8� ���U�`��t �� �d6�� �ZP1 Nevertheless, the Commission considers that a comprehensive review of the IFRS Foundation's governance framework - including the role of the Monitoring Board - is appropriate, in particular to assess the need to In August 2016, the Ministry of Finance of the People’s Republic of China (China MOF) became the eighth member of the MB. 142 0 obj <>/Filter/FlateDecode/ID[<86763D514E615246ACDBD7E0E95CB8D2>]/Index[126 38]/Info 125 0 R/Length 83/Prev 51975/Root 127 0 R/Size 164/Type/XRef/W[1 2 1]>>stream Il documento è disponibile sul sito dello IOSCO. IFRS Foundation Monitoring Board Nominations and applications are invited by the end of June 2013 to the following e-mail address: mb-callfornomination@fsa.go.jp. The Trustees and the Monitoring Board discussed changes in membership, other IFRS Foundation developments (including funding IFRS Foundation financial statements and planning) and Monitoring Board developments. Following its 2012 ‘Final Report on the Review of the IFRS Foundation’s Governance’, the Monitoring Board decided to expand its membership by up to four permanent members, primarily from major emerging markets, and two rotating members. The IFRS Foundation and the Monitoring Board have agreed an update to their Memorandum of Understanding (MoU) to reflect the increase in membership of the Monitoring Board. The Foundation was founded in 2001 and is headquartered in London, United Kingdom, and has a regional Asia-Oceania office in Tokyo, Japan. IFRS Foundation, 2018. ]?>�@���a�BG��0�|��0Y�gu�* e��1h��T���P-2� The IFRS Foundation has a three-tier governance structure, based on an independent standard-setting Board of experts (International Accounting Standards Board), governed and overseen by Trustees from around the world (IFRS Foundation Trustees) who in turn are accountable to a monitoring board of public authorities (IFRS Foundation Monitoring Board). 2 Note that this Consultation Paper and its contents have been approved by the IFRS Foundation Trustees for publication. H��TMo�0��W�(�bَcEi6��r�|Kw�b'��YA�$�II��a��6%R�����I��L�ZE ��d#�d,J���!��A$jz5�O��=��'�9��~�����p? The IFRS Foundation Monitoring Board, responsible for the oversight of the IFRS Foundation, has published its work plan. 126 0 obj <> endobj @���]����$��4q��^�V#`x�qY۔��0���W�IZ� �Q\�� Av��8�7� ����d�:��n� 6�ܾ��u��y���MXU�>�`�Vsq��:�~5᎘�k�3 ���Np��:��t#��L��m�7���>���v8]? 163 0 obj <>stream The Constitution is published by the IFRS Foundation (Foundation) and has not been approved by the International Accounting Standards Board (Board). h�bbd``b`Z$[@D"�` $����; �(H�n�D�q�@D:H�2�����@��������b``�!�1�-@� ��5 The primary purpose of the Mon­i­tor­ing Board is to serve as a mechanism for formal in­ter­ac­tion between capital markets au­thor­i­ties and the IFRS Foun­da­tion, thereby fa­cil­i­tat­ing the ability of capital market au­thor­i­ties that allow or require the use of International Financial Reporting Standards(IFRSs) in their ju­ris­dic­tions to ef­fec­tively discharge their mandates relating to investor pro­tec­tion, market integrity and capital formation. endstream endobj startxref The Monitoring Board 'may refer accounting issues to, and will confer regarding these issues with, the Trustees and the IASB Chair'. H��TKo�0��W�(�J�#�P��ǀP,vHwHm�Iv�8���GRv��v0-R������4d�7�R��e ��X��~ f�G���*��Hߊ5�������C�m�[o1��)LM'�ZH:!g����d9��O��o���'1��!Oҝ�|��炂n6�>��u�p���vE��f'M�y2�w3�,*�������X����>��w�D� ��`�W�aΚ9 o��G��N�� The meeting will be held in Zurich, Switzerland on 2 and 3 February 2015. The IFRS Foundation Monitoring Board, which oversees some aspects of the IFRS Foundation’s governance, approved the appointment of Barckow. For example, at the last count the 59 technical staff and 15 members of the IASB came from almost 30 different countries. The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2018. It is envisaged that the Monitoring Board will meet the Trustees at least once a year, or more often if appropriate. This does not in our view require a significant extension of the Monitoring Board's formal powers to intervene. The Trustees and Monitoring Board of the IFRS Foundation have released condolences on the sudden death of Harvey Goldschmid, Vice-Chair of the Trustees of the IFRS Foundation. 144 (87%) of these jurisdictions require the use of IFRS Standards and another 12 jurisdictions permit the Standards. "��:���6�&�P�|��� ,�������"m��!���I�g�nL�Ky�ڞg�.�^�����a'L�;�>�H������b���Pm�2p�$�P\�ò+�p�YD���2���cY��+Èf�|�,#9h�N�� }L�@��]��"+n��6�o� The IFRS Foundation Trustees, who are accountable to a Monitoring Board of public authorities, are responsible for strategy and governance. The IFRS Foundation Monitoring Board has appointed Mr Jean-Paul Servais as its new Chair of the Monitoring Board. The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has responded to the IPSASB Governance Review Group consultation paper on the future governance of the International Public Sector Accounting Standards Board (IPSASB). The Australian Accounting Standards Board (AASB) has responded to the International Public Sector Accounting Standards Board (IPSASB) Governance Review Group consultation paper on the future governance of the IPSASB. The Trustees of the IFRS Foundation have released a report summarising its meeting held in Zurich, Switzerland on 2-3 February 2015. With regard to the selection of new members, the Monitoring Board … In a parallel development, Japan's Business Accounting Council (BAC) met today to review the state of use of IFRSs in Japan. ), che possono consultare preliminarmente tutti i documenti pubblicati dallo staff tecnico, Without this the SSB would, in effect, operate under the IASB. The IFRS Advisory Council provides … continue to lie with the IFRS Foundation Trustees. IFRS Foundation, 2018. �BԠ`��>�c���*�* ��D}���D?���s�őX�+C]3A The goal is to enhance public ac­count­abil­ity of the IFRS Foun­da­tion while not impairi… The IFRS Foundation (IFRSF) has published its Annual Report for 2015, titled 'Focussing on the future'. The IFRS Foundation Monitoring Board (MB), responsible for the oversight of the IFRS Foundation, has published a press release announcing that the Ministry of Finance of the People’s Republic of China (China MOF) is now a member of the Monitoring Board. �J�dH�֓c��Ed[)��S.��1.c�(a�qs{ �&�Ʃ�xB�>•J� �m�L�h(8�~S�>����_��xo����_̷�$��n��S�)���A�oO� o�Udz�jQB$��QUd��������M����g/�����>�n��ׯ@�E��B�͇�g%�AG��̹� �i������B2���˪X$q�}�����1Xp?�a1N�T����.����?x��|�[cD��������#��7S� ��X {& ��f�F���|=�L�SfrA·������,,m��K��� �u�Pw%.�E�Wu~{�C��5��h�W$Q. Si invita a far pervenire commenti entro il giorno 8 aprile 2011. The Monitoring Board reviews the adequacy and appropriateness of Trustee arrangements for financing the IASB. To … The Monitoring Board approves each appointment to the IFRS Foundation Trustees. The Board expects that it will carry out the activities in the “near-term”. Mr. Servais will succeed Mr. Ryozo Himino starting in March 2017. The Monitoring Board was created in 2009 with the aim of overseeing the IFRS Foundation, whose Trustees in turn exercise oversight over the IASB (International Accounting Standards Board). The Monitoring Board of the IFRS Foundation has announced that it has agreed to reappoint Masamichi Kono, incumbent Chair of the Monitoring Board, as the next Chair. The Monitoring Board was created in 2009 with the aim of overseeing the IFRS Foundation, whose Trustees in turn exercise oversight over the IASB (International Accounting Standards Board). These amendments included the formation of a Monitoring Board comprising public authorities in order to replicate the relationship that has generally existed in national identities between accounting standard-setters and capital market authorities. endstream endobj 127 0 obj <>/Metadata 9 0 R/PageLayout/OneColumn/Pages 124 0 R/StructTreeRoot 20 0 R/Type/Catalog>> endobj 128 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 129 0 obj <>stream IFRS Foundation Monitoring Board Press release 1 March 2013 Monitoring Board finalizes assessment approach for membership criteria and announces Chair selection Tokyo, Japan, 1 March 2013 - The Monitoring Board today announced the outcomes of its meeting held on 6 February in Brussels. ^ "IASB Members" IFRS Foundation, 2018. The IFRS Foundation Monitoring Board, responsible for the oversight of the IFRS Foundation, has announced that Masamichi Kono has stepped down as Chair of the Monitoring Board. The members of the Monitoring Board are … Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. h��Ymo�6�+��b��wRC �f4@[tq��A��D�#����~wIS�KZ]QR�����s�� �JMx�߆H�ߖH�f9�:'�B���@�Ψ�� �;I��*�m�X�����%���h H��P�ڡ� U��Yro�yL����g�S����a]� We support bringing the IPSASB within the governance framework of the International Financial Reporting Standards Foundation as it would mitigate the threat of the politicisation of public-sector standard setting, reduce the overall cost of international accounting standard-setting, allow private and public sector standard-setters to follow the same due process, and provide a single oversight and monitoring framework ensuring consistency about which standards apply to any given reporting entity. �ƹ�pJ�FFTb7�������X�s„u�k��ޭfna���i��n�Z�r��Vv���6�,��2�4u{r�|�)8>�C��9�v�Iq_->�����yW>��澨_:ݻ�̜���tt�,�o/��W����]��/��Cd(���bQ͎��EI(,Ey�'LEwG[����f���g"�q��G�]��^ϚyU�f�U}\���=������X�1�}�}~Sx�Tܒ��c�Et�z�ޭ����G The Monitoring Board participates in the nomination process for the IFRS Foundation Trustees, including approval of the Trustees' procedures for soliciting nominations and submitting names of candidates to the Trustees. The Monitoring Board confers with the Trustees regarding their responsibilities, in particular in relation to the regulatory, legal, and policy developments that are pertinent to the IFRS Foundation's oversight of the IASB. About the IFRS Foundation Monitoring Board. �����qoʖGdV32����>I�Uw7���1�Iv]BЕ0̨ FEE assesses advantages and challenges of each option presented in the consultation paper and concludes that a more innovative approach might be required. Please read, International Financial Reporting Standards, Trustees appoint Andreas Barckow to succeed Hans Hoogervorst, IFRS Foundation publishes its 2019 annual report, IFRS Foundation publishes its 2018 annual report, IFRS Foundation Monitoring Board publishes work plan, New member of the IFRS Foundation Monitoring Board, New Chair of the IFRS Foundation Monitoring Board, Death of Harvey Goldschmid, Vice-Chairman of the IFRS Foundation Trustees, Report from February 2015 IFRS Foundation Trustees meeting, Chair of the Monitoring Board reappointed, Agenda for the February 2015 IFRS Foundation Trustees meeting, IFRS Foundation and Monitoring Board update their Memorandum of Understanding, Importance of global accounting standards and increase in voluntary IFRS application in Japan, Report from the latest meeting of the IFRS Foundation Monitoring Board, Collected feedback on IPSASB governance consultation, We support bringing the IPSASB within the governance framework of the IFRS Foundation, FEE believes IPSASB governance reform proposals could be more "innovative", IPSASB responds to Review Group consultation paper, AASB calls for focus on sector neutral accounting in public sector governance review, IFRS Foundation Monitoring Board announces new members, Overview of the IFRS Foundation and the IASB, Monitoring Board Governance Review 2010-2011, Deloitte comment letter on the future governance of the International Public Sector Accounting Standards Board, Deloitte comment letter on IFRS Foundation Public Consultation 'Status of Trustees’ Strategy Review', Monitoring Board Chairman’s welcome and update, Chairman’s summary of Trustees’ business sessions, Monitoring Board governance review 2010-2011, Overview of the structure of the IFRS Foundation and IASB, to participate in the process for appointing. “We are delighted to announce the appointment of Andreas Barckow as IASB chair,” said IFRS Foundation chair Erkki Liikanen in … ^ "Monitoring Board". Si allega il comunicato stampa. to review and provide advice to the Trustees on their fulfilment of the responsibilities set out in IFRS Foundation Constitution. L'International Accounting Standards Committee (IASC), ora denominato International Accounting Standards Board (IASB), è l'organismo responsabile dell'emanazione dei principi contabili internazionali. The Trustees themselves nominate a candidate. The IFRS Foundation (IFRS Foundation is the new name, approved in January 2010, of the IASC Foundation. Introduzione. The IPSASB is unanimous in its support of the option of establishing separate oversight for its operations under the auspices of the International Federation of Accountants (IFAC), and further does not consider extending the scope of the IFRS Foundation Monitoring Board and Trustees activities to public sector accounting standard setting as feasible in the short or medium term. In January, the Review Group for the governance and oversight arrangements of the International Public Sector Accounting Standards Board (IPSASB) issued a public consultation paper on the future governance and oversight of the IPSASB and IPSASs. Monitoring Board We believe the central role of the Monitoring Board should be to monitor the IFRS Foundation Trustees' effective execution of their oversight functions. Jun 2016 IFRS Foundation revises Due Process Handbook to incorporate Taxonomy. Monitoring Board of public authorities with the purpose of enhancing public accountability of the IASC Foundation while not impairing the independence of the standard-setting process. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. The IFRS Foundation has published its Annual Report for 2017, titled 'Financial reporting for the world economy'. Monitoring Board completes revisions to its Charter and the Memorandum of Understanding with the IFRS Foundation Tokyo, Japan, 31 October 2013—The Monitoring Board, responsible for oversight of the IFRS Foundation, today announced that it has concluded work to revise its Charter and the MoU that defines its relationship with the IFRS Foundation. �!��k��[u�a�~$-;N��`��H�|��ש�����lys� WW׋(f7�:܀�iW�R2`! The Monitoring Board has oversight responsibilities in relation to the Trustees and their oversight of the IASB's activities of the International Accounting Standards Board (IASB), in particular the agenda-setting process and the 'IASB's efforts to improve the accuracy and effectiveness of financial reporting and to protect investors'. � c��a���q�Him�7To**$�����Zͻ��Ԋi�1n��u}��\��%���c�����T�,V�u�����. The International Financial Reporting Standards Foundation, or IFRS Foundation, is a nonprofit accounting organisation. Consultative Report on the Review of the IFRS Foundation’s Governance . The Monitoring Board must approve the selection of the Chairman of the IFRS Foundation Trustees. The International Accounting Standards Board (IASB) is organised under an independent foundation named the IFRS Foundation. %%EOF It is envisaged that the Monitoring Board will meet the Trustees at least once a year, or more often if appropriate. Our mission is to develop standards that bring transparency, accountability and efficiency to financial markets around the world. 'If the IASB determines that consideration of the issue(s) identified by the IFRS Monitoring Board is not advisable or that the issue(s) cannot be resolved within the time frame suggested by the Monitoring Board, the Trustees should: The Monitoring Board's oversight responsibilities do not alter the terms of the relationship between the Trustees and the IASB. The Monitoring Board was created in 2009 with the aim of overseeing the IFRS Foundation, whose Trustees in turn exercise oversight over the IASB (International Accounting Standards Board). Deloitte Global Services Limited, 30 August 2012 ^ "How we are structured" IFRS Foundation, 2018. _m�h�h q����a}���Fe ]#���!=��!�a�4�6V��U�06X5���30l� �L@f�fy��N|DV �� The agenda for the upcoming meeting of the IFRS Foundation Trustees, some of which will be held jointly with the Monitoring Board and the Due Process Oversight Committee, is now available. Both reports were published jointly in February this year and should be considered required reading for anyone with an interest in the future direction of financial reporting. By using this site you agree to our use of cookies. IFRS Foundation Monitoring Board announces new board member. The primary purpose of the Monitoring Board is to serve as a mechanism for formal interaction between capital markets authorities and the IFRS Foundation, thereby facilitating the ability of capital market authorities that allow or require the use of International Financial Reporting Standards (IFRSs) in their jurisdictions to effectively discharge their mandates relating to investor protection, market integrity and capital formation. EXECUTIVE SUMMARY . Monitoring Board, a body of publicly accountable market authorities. 84�I���MlUC��*I�"�܏a[zK���?�`�=b��4�%�g.2�'��먽f�S�M�~�����ӉE��ͪ[M1ݐ:�ڠm����5�l���Z/y)#�y�W�cU������%�5Kj�n"v�����)�y��p�u���������@���1҈#,i��K��oٌ)1%�WdY��) {b�*� �Uj��K��������W���_�!�O�۲�$n>x0�`�=Z���;e���㞞.7��b���Á�*>J*����/�ؖ#�-�N[0�߮h At the same time, the IFRS Foundation Monitoring Board, to whom the Trustees report, conducted its own independent review of institutional governance arrangements.