National standard-setters and regional bodies (NSS) are important partners in our work to achieve the G20-endorsed objective of developing globally accepted standards. The relationship brings benefits to both parties:
The IFRS Foundation benefits from working with NSS through their:
knowledge of local financial reporting and legal requirements;
relationships with key stakeholders;
experience in standard-setting and technical accounting capabilities; and
role in the endorsement of new Standards.
NSS benefit by:
influencing the development of globally accepted standards;
representing their stakeholders to the IFRS Foundation and in the international debate;
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