IFRS Foundation
   • Oversees IASB.
   • Independent body 22 trustees.
   • Mix of trustees reflects geographical spread of 
    world’s capital markets.
   • Raises funds for standard setting process.
  Monitoring Board
   • Demand to enhance public accountability in 
    countries where regulators enforce IFRS.
   • Formal link from trustees to public authorities
   • EC, IOSCO (including IOSCO Growth and Emerging 
    Markets Committee), Brazil, Korea, China, US, plus 
    observer from Basel Committee.
   • Participates in appointing trustees.
  International Accounting Standards 
  Board IASB
   • Formed in 2001, replacing predecessor IASC
   • 14 members appointed by IFRS Foundation 
    trustees.
   • Up to 3 may be employed part-time, remainder 
    must commit all working time to IASB.
   • 5-year term, renewable for a further five.
   • Best available combination of technical skills, and 
    experience of international business & market 
    conditions.  Geographical spread.
   • Meets in public, agenda papers on website.
             IASB membership at July 2019
      Americas (4) Europe (4)      Africa (1)     Asia/Pacific 
                                                  (5)
      United       United          South Africa China
      States (2) Kingdom
      Canada       France                         New 
                                                  Zealand
      Brazil       Germany                        Australia
                   Netherlands                    South 
                                                  Korea
                                                  Japan
                          9 male and 5 female
    Employment sector background of members 
    (immediately prior to their appointment)
         Professional accountants/audit firm 3
         Accounting academic                    3
         Financial reporting and financial      3
         market regulators
         Banking/financial institutions         2
         Fund management                        1
         Government administration.             1
         Industrial                             1