IFRS and Trade Mark Guidelines

Towards the end of last year, the IFRS Foundation revised its Trade Mark Guidelines, available on:

These guidelines impact any references to the IFRS Foundation, the International Accounting Standards Board (IASB), the International Sustainability Standards Board and the work of these bodies. These updated guidelines require that, among others, the standards issued by the IASB – including the International Accounting Standards and the International Financial Reporting Standards (IFRS) – be referred to as ‘IFRS Accounting Standards’. Furthermore, International Accounting Standards should no longer be referred to as ‘IASs’, but ‘IAS Standards’.

In December 2023, the International Auditing and Assurance Standards Board (IAASB) responded by issuing guidance on how to reference IFRS Accounting Standards, in line with the above guidelines, available on:

When citing IFRS Accounting Standards in their reports, registered auditors are encouraged to follow the guidance provided by the IAASB and the wording used in South African Auditing Practice Statement 3 (Revised March 2024), Illustrative Reports, available on:

For any further queries, please email standards@irba.co.za