Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what plans they have to conduct an investigation into (1) past inconsistencies in the registered addresses and the address for legal service of documents of the International Financial Reporting Standards Foundation, and (2) alleged conflicts of interest in the award of the International Financial Reporting Standards Foundation’s translation contracts, before committing any tax-payer funds to that Foundation.

Companies House records show that the IFRS Foundation is registered in Delaware and based in London. The Government hopes that the IFRS Foundation will continue to be based in London, as this will continue to recognise the UK’s world leading role in accounting standards and practice. The Government has no oversight role for the IFRS Foundation, which is the responsibility of its Monitoring Board, comprising of a number of international securities regulators.

The Government is not aware of any alleged conflicts of interest that are referred to in the question.