Annual IFRS Foundation Conference key takeaways
Annual IFRS Foundation Conference key takeaways
The IFRS Foundation Conference 2026, held in London on 29–30 June, brought together more than 500 participants from nearly 80 jurisdictions, including preparers, investors, regulators, consultants and standard-setters. Marking the Foundation’s 25th anniversary, the conference provided updates on the latest developments from both the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB), with a strong focus on the future of corporate reporting and implementation of recently issued Standards.
The key takeaways include:
The key takeaways include:
- Meeting investor needs – speakers discussed the changing demands for decision-useful information and the anticipated changes in corporate reporting practices.
- Implementation in focus – the sessions explored practical application issues relating to IFRS 18 Presentation and Disclosure in Financial Statements, IFRS 19 Subsidiaries without Public Accountability: Disclosures and the upcoming IFRS 20 Regulatory Assets and Regulatory Liabilities.
- Global sustainability baseline is effective - sessions on the regulatory adoption of ISSB Standards highlighted initiatives to reduce fragmentation and improve the comparability of sustainability disclosures, including passporting mechanisms and efforts to streamline reporting for companies applying both the revised European Sustainability Reporting Standards (ESRS) and ISSB Standards.
- Active standard-setting continues -the IASB and ISSB provided updates on projects, including Risk Mitigation Accounting, Financial Instruments with Characteristics of Equity and the Statement of Cash Flows, and the ISSB’s projects on Nature-related Disclosures and industry-specific disclosure guidance.