We must speak the same accounting language!

Interview with Hans Hoogervorst, Chairman of IASB

It is a great opportunity, dear Mr. Hoogervorst, for our audience to get information from the summit of the IASB from personalities who are experts in overview, strategies and technical matters. The responsibilities you have to assume and the decisions to be made are tremendous and very challenging, in view of the passion of your stakeholders to reach their individual goals. Though the transparency of the IASB is outstanding regarding the due process and as well as regarding the information available on www.iasb.org it is very attractive to ask straight-forward questions and to receive answers that are as simple as possible and as authoritative as conceivable.

To start with it might be interesting to know about the core business of the IFRS Foundation, which represents the oversight body of the International Accounting Standards Board (IASB) and how the independence of this body is established?

The IFRS Foundation has a three-tier governance structure. The IASB is an independent standard-setting body responsible for International Financial Reporting Standards (IFRSs) required or permitted for use by companies in more than 100 countries. The governance and oversight of the IASB rests ...