Opening remarks by Erkki Liikanen at the Trustees stakeholder dinner in Singapore

以下为 IFRS 基金会新闻的开头摘要（英文原文）。全文请见 IFRS 官网。

Erkki Liikanen , Chair of the IFRS Foundation Trustees, delivered his speech at the IFRS Foundation Trustees' stakeholder dinner in Singapore on 4 June 2024.

It’s an honour to be here with you all.

I thank the Accounting and Corporate Regulatory Authority (ACRA) for co-hosting and organising this event, and the Institute of Singapore Chartered Accountants (ISCA) for supporting this event. It’s a great opportunity to exchange views with people here in Singapore and the wider region.

The history of the IFRS Foundation Trustees goes back to the year 2000. Paul Volcker—the former Chair of the Federal Reserve in the US—was the first Chair of Trustees. He was invited to the US Congress to discuss International Financial Reporting Standards, or IFRS. That was on 7 June 2001, so on Friday it will be 23 years ago.

Paul said that as a central banker and treasury official he had long been aware of the importance of accounting standards in providing an accurate and consistent picture of a company’s performance. He emphasised that he had been sympathetic to the goal of harmonised standards for many years.