Robert Bruce, a financial journalist, reports on IFRSs in Europe. His views are his own and may not represent those of the IFRS Foundation or the IASB.
As an independent standard-setting organisation, the financing of the IASB has always been a sensitive issue. Over its ten-year history the organisation has worked hard to maintain an acceptable balance: to raise effective and sufficient funding but at the same time ensure its independence is not impaired.