International Sustainability Standards Board
The ISSB is a standard-setting board of the IFRS Foundation that develops IFRS Sustainability Disclosure Standards. Its work concerns sustainability-related financial disclosures and is distinct from the IASB’s accounting standards. The IASB and ISSB have different remits within the same Foundation. An accounting student should distinguish their standards and areas of responsibility.
Worked example
A company may use an ISSB standard to disclose material sustainability-related risks to investors.
Common mistake
Treating ISSB sustainability standards as a substitute for IFRS Accounting Standards.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | FR | Direct | September 2026–June 2027 |
| ACCA | K1 | Direct | July 2027–August 2028 |
| ACCA | SBR | Supporting | September 2026–June 2027 |
| FIA | FFA | Direct | September 2026–June 2027 |
Related terms
Also called: ISSB