Exchange of views with the Chairs of the IFRS Foundation Trustees, the IASB and ISSB
02-09-2024 - 18:58
On 2 September 2024, from 16.00 to 17.00, ECON Committee held an exchange of views with the Chair of the IFRS Foundation, Erkki Liikanen, the Chair of the International Accounting Standards Board (IASB), Andreas Barckow, and the Chair of the International Sustainability Standards Board (ISSB), Emmanuel Faber.
This exchange of views in ECON is taking place on an annual basis. The international financial reporting standards are developed by the IASB and then are to be endorsed in the Union. The Parliament requested already in previous legislative terms its involvement at an early stage when international financial reporting standards are developed. This annual Exchange of Views in ECON is therefore an important part of the parliamentary scrutiny in the European endorsement process of the international financial reporting standards. The ISSB was created in 2021 as second pillar of the IFRS Foundation and is tasked with the development of international sustainability reporting standards.