Balancing Act: The future of IASB and IFRS

A major review is set to shake up standard setting in global financial reporting, says Colin Fleming

Aflurry of exposure drafts from the International Accounting Standards Board in the last few months has dominated the headlines. But perhaps more interesting are two related, but separate, reviews of the IASB’s governance structure – these are being conducted by the International Financial Reporting Standards Foundation Trustees and the IFRS Foundation’s Monitoring Board.

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