IASB - IASC Foundation Monitoring Board

The Trustees of the IASC Foundation, the oversight body of the International Accounting Standards Board (IASB) welcomed a statement by the Monitoring Board, a group of public capital market authorities to whom the IASC Foundation established a public accountability link. In its statement of principles, the Monitoring Board emphasized the relevance of providing high-quality financial information to ensure the confidence of capital providers in making investment decisions. The Monitoring Board also highlighted the importance of "independence and transparency in the standard setter’s due process." (Read the IASB Press Release and the full Monitoring Board statement available on the IOSCO website.)