IFRS Foundation Monitoring Board membership criteria, assessment 

March 6:   The IFRS Monitoring Board announced its assessment approach for determining whether current or potential future members meet the membership criteria as well as potential Monitoring Board sanctions for members that are not in compliance.

The Monitoring Board, created to oversee the IFRS Foundation Trustees, is a key part of the IASB’s governance structure. Since its inception in 2009, the Monitoring Board has been composed of five securities market regulators, including the SEC.


From a U.S. perspective, the two criteria are (1) a decision for use of IFRS by at least some registrants, and (2) a mechanism for an ongoing funding commitment to the IFRS Foundation


Read a March 2013 report [PDF 101 KB] prepared by KPMG LLP: Defining Issues:
IFRS Foundation Monitoring Board Announces Membership Criteria and Assessment




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