Funding
The IFRS Foundation raises funds for the operation of the IASB. Most contributors are banks and other companies which use or have an interest in promoting international standards. In 2008, American companies gave £2.4m, more than those of any other country. However, contributions fell in the wake of the financial crisis of 2007–2010, and a shortfall was reported in 2010.
Read more about this topic: International Accounting Standards Board