The purpose of this essay is to describe the structure of the International Accounting Standards Committee Foundation. The International Accounting Standards Board (IASB) is organized under the umbrella of an independent organization called the International Accounting Standards Board Foundation (IASC Foundation). The IASC Foundation is a private sector organization that receives funding in the form of donations from banks and accounting firms. The IASC Foundation is a non-profit organization that acts in the public interest. The components of the restructured ISAB include the Monitoring Board, the IASC Foundation, the IASB, the International Financial Reporting Interpretation Committee (IFRIC), the Standard Advisory Council (SAC) and working groups. . (See Figure 1). The IASC Foundation Oversight Board was formed in January 2009 to improve the public accountability of the IASC Foundation without deteriorating the standard-setting process. The main objective of the IASC Foundation was to establish a relationship between the capital market authorities and the IASC Foundation, as the capital market authorities can be effective in raising capital. Directors must prepare an annual report for the supervisory board. However, the supervisory board has the right to participate in the process of nominating and approving directors as well as providing advice to directors on the fulfillment of their responsibilities. The IASC Foundation manages the work of the IASB and is responsible for fundraising activities, which support the operations of the IASB. The IASC Foundation develops high-quality IFRS that are accepted globally. The IASC Foundation is made up of policy makers responsible for issuing policies. The IASC Foundation neglects what the IASB does but does not intervene... middle of document...... the agenda and work program of the ASB. SAC provides a forum for participation by those interested in financial reporting. This is made up of a wide range of people, from financial analysts to regulators, who are interested in the work of the IASB. The SAC is authorized to share its point of view on the normative project. On the other hand, they are authorized to provide advice on projects dealing with application and implementation issues related to existing standards developed by the IFRIC. Working groups give the IASB additional access to practical experience and expertise. The IASB creates working groups for its major projects. The working group is an advisory body to the IASC Foundation. The IASB appoints the members of the working groups. Once the board has published a discussion paper, the working groups will help the IASB understand and analyze the comments..