IFRS Standards are set by the International Accounting Standards Board (Board) and are used primarily by publicly accountable companies—those listed on a stock exchange and by financial institutions, such as banks. Authoritative interpretations of the Standards, which provide further guidance on how to apply them, are developed by the IFRS Interpretations Committee and called IFRIC Interpretations.
Standards set by the Board's predecessor body, the International Accounting Standards Committee, are called IAS® Standards. These Standards have the same status as the IFRS Standards. Authoritative interpretations of those Standards, developed by the Standing Interpretations Committee, are called SIC® Interpretations. For more information about what we provide for free and why, please go to our unaccompanied Standards FAQ page.
The Board has also developed the IFRS for SMEs® Standard, which is used by small and medium-sized companies without public accountability.
This section also contains the IFRS Taxonomy (the framework for electronic IFRS financial reporting) and all translations of official IFRS Foundation publications, as well as editorial corrections of our Standards.