International Financial Reporting Standards (IFRSs) are published by the International Accounting Standards Board (IASB).  Older standards adopted by the IASB from its predecessor body, the International Accounting Standards Committee, are known as ‘International Accounting Standards (IASs)’.

The IASB is the independent standard-setting body of the IFRS Foundation. Its members  are responsible for the development and publication of IFRSs,  including the IFRS for SMEs and for approving Interpretations of IFRSs as developed by the IFRS Interpretations Committee (formerly called the IFRIC). 

The currently applicable IFRSs and IASs, as well as those with effective dates in the future, are available on CHARIOT (available to members only) by clicking this link.


IFRSs and IASs which are currently applicable are available on the IASB’s website free of charge (though one must be registered as an eIFRS user)

EU adopted IFRSs

The standards issued by IASB must go through due process of endorsement before becoming law in the EU.  More details with regard to this endorsement process, as well the up to date endorsement status of standards and interpretations issued by the IASB, are available on the European Commission’s accounting webpages and the website of the European Financial Reporting Advisory Group.


The IASB published the International Financial Reporting Standard for Small and Medium Sized Entities (IFRS for SMEs) in 2009.  The standard was designed for non-publicly accountable entities as defined in the standard (for example, it was not designed for the preparation of financial statements by financial institutions or listed entities).

The IFRS for SME and various other related resources, such as implementation guidance and training materials are available on the IASB's website.

Use of IFRS for SMEs in Ireland and the UK

Whilst the IFRS for SMEs formed the basis for the development of FRS 102, the standard itself has not been endorsed by the European Commission for use in the EU, nor has it been adopted for use in Ireland and the UK by the FRC.  It is not available, therefore, to companies preparing their financial statements to conform with company law in either jurisdiction.



IFRS 1 (Revised) First-time adoption of international financial reporting standards (annual periods beginning on or after 1 January 2009) is available on CHARIOT.

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