The trustees of the IFRS Foundation have appointed and reappointed various organisations and representatives to the IFRS Advisory Council.
The appointments were effective from 1 January 2025.
The IFRS Foundation is an independent and not-for-profit organisation that aims to set global financial reporting standards that foster clear communication between companies and investors.
The Advisory Council is a collective of more than 50 organisations, each bringing perspectives from various functional and geographical backgrounds.
It offers strategic guidance to the IFRS Foundation Trustees, the International Accounting Standards Board (IASB), and the International Sustainability Standards Board (ISSB).
Membership, with the exception of individual appointments, is held at the organisational level.
This structure ensures a range of accounting and sustainability expertise to support the Council’s objectives.
Among the new appointments is Chartered Accountants of Sri Lanka and SAFA, represented by Manil Jayesinghe, who has a background in accounting standards.
Jayesinghe’s previous roles include EY Sri Lanka and Maldives Country managing partner, Accounting Standards SAFA Committee chair, and Accounting Standards Committee of Sri Lanka chair.
Several organisations have been reappointed with new representatives.
A few among those are, Banco Bilbao Vizcaya Argentaria now has Maria Erviti as the Group Financial Statements head, and Deloitte’s Shinya Iwasaki has been appointed as a partner.
These appointments are set to bring fresh insights and experiences to the Advisory Council’s activities.
Observers such as the European Commission, Japan’s Financial Services Agency, and the US Securities and Exchange Commission continue to attend the Advisory Council meetings, underscoring the global scope of the Council’s influence.
In January 2025, the IFRS Foundation also welcomed three new trustees.
The new trustees step into the roles previously held by Sarah Al Suhaimi, Wencai Zhang, and Suresh Kana.
