IFRS Foundation 2016 Annual Report

The IFRS Foundation has published its annual report for the year ended 31 December 2016

The IFRS Foundation Annual Report 2016 provides an overview of the IFRS Foundation’s activities during the year including the Trustees’ Review of Structure and Effectiveness: Feedback Statement on the July 2015 Request for Views, the Agenda Consultation and the Better Communication initiative that arose from the latter.

The report addresses in particular:

• The large projects that are set for completion—the insurance contracts Standard and the revised Conceptual Framework;
• The increased focus on supporting the implementation and application of IFRS Standards;
• Increased transparency through making public the meetings of the Due Process Oversight Committee; and
• An investor’s perspective of the Investors in Financial Reporting.

Further information, including copies of the 2016 Annual Report, is available from the IASB’s web site here.