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IFRS Foundation
Overview
The IFRS Foundation, established in 2001 and based in the United Kingdom, operates within the non-profit and charitable sector, focusing on finance and accounting. With a workforce of 51 to 200 employees, the organization is dedicated to developing and promoting international financial reporting standards. The foundation's recent activities include contributions to the International Sustainability Standards Board (ISSB), as evidenced by a staff paper discussing the current state of disclosure related to human capital. This document outlines findings from research on how organizations disclose information about human capital-related risks and opportunities, highlighting the prevalence of tailored narratives in disclosures across various market capitalizations and regions. The paper aims to inform the ISSB's ongoing research and discussions, reflecting the foundation's commitment to enhancing transparency and consistency in financial reporting. Through its initiatives, the IFRS Foundation plays a significant role in shaping accounting standards that facilitate better decision-making and accountability in the financial sector.