IASB and IIRC formalise cooperation on work to develop integrated corporate reporting framework
7 February 2013
The International Accounting Standards Board (IASB) and International Integrated Reporting Council (IIRC) today announced an agreement that will see the two organisations deepen their cooperation on the IIRC’s work to develop an integrated corporate reporting framework.
The Memorandum of Understanding, signed by IASB Board Chairman Hans Hoogervorst, and IIRC Chief Executive Paul Druckman, demonstrates the common interest of both organisations in improving the quality and consistency of global corporate reporting to deliver value to investors and the wider economy.