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The IFRS foundation's mission is to develop IFRS standards that bring transparency, accountability and efficiency to capital markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy. Key accomplishments in 2024 - advanced financial reporting by issuing two new IFRS accounting standards - IFRS 18 and IFRS 19 - which will improve the information investors receive about financial performance and reduce the disclosure requirements for subsidiary companies. - verified that two major standards work as intended by carrying out post-implementation reviews of the requirements in IFRS 15 and the impairment requirements in IFRS 9. - clarified requirements by issuing amendments to IFRS accounting standards to explain how companies should measure financial instruments and how they CAN better report the financial effects of nature-dependent electricity contracts in their financial statements. IFRS sustainability - supported jurisdictions' adoption or other use of IFRS sustainability disclosure standards through various initiatives, including the publication of a dedicated guide. - supported companies in implementing IFRS sustainability disclosure standards by developing a wide range of education resources and capacity building initiatives. - started enhancing the SASB standards and researching sustainability-related risks and opportunities associated with biodiversity, ecosystems and ecosystem services and human capital.

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