Terms of Use

Terms of Use

Please read these Terms of Use carefully as they govern your use of the International Accounting Standards Board (IASB) Website and your relationship with the International Accounting Standards Committee Foundation (IASCF). By accessing this Website or any of its contents you agree to be bound by the following provisions. Definitions of terms used are set out at the end of this document.

1. Copyright

1.1 The contents and design of the site and any material emailed to you or otherwise supplied to you in conjunction with the site are copyright of the IASCF. No duplication or reproduction of this material is permitted, except on the following terms.

1.2 Unless you have the prior permission of the IASCF you must not use or reproduce, or allow anyone else to use or reproduce, any trademarks that appear on this site. Such trademarks include, but are not limited to, the IASCF and IASB names and hexagonal logo.

1.3 The software that operates this site is the property of the IASCF. You must not copy, reverse engineer, modify or otherwise alter or manipulate this software.

1.4 As the User you acknowledge the IASCF’s copyright where it exists in the material provided. You acknowledge that you acquire no proprietary rights or copyright in such material as they are viewed or received.

1.5 The material remains the copyright of the IASCF in all countries and all languages.

1.6 No permission is granted to translate, reprint, reproduce or utilise any part of this Website by any means, whether electronic, mechanical or otherwise, either currently known or yet to be invented, except as expressly provided for under these Terms of Use.

2. Grant of General License

2.1 The Terms of Use apply equally to all Users of this site, regardless of what they are permitted to access or how such permission was granted, unless the Terms are inconsistent with a separate licence agreement, in which case the terms of that agreement shall prevail. Use of the XBRL IFRS Taxonomies and related works contained on this website are governed by a separate license agreement contained in section 3 of these Terms of Use.

2.2 To enable you to exercise the rights granted under this agreement the IASCF grants you the rights set out below. You must not view or access data or supply data to any company, firm or individual except under the terms of this agreement. In particular:

2.3 You may access and make use of the documents available on this site for personal and professional non-commercial purposes only. This includes permission to make reference to the Works when advising clients, but excludes permission to reproduce portions of the Works and provide them to clients either for a fee or free of charge.

2.4 You are permitted to use the standards to inform yourself, your employer and your clients of the reporting requirements under International Financial Reporting Standards in connection with the normal function of their business or employment.

2.5 You are not permitted to use the works to create a commercial product either by reproducing them or elements of them in any material distributed for commercial gain or through use in conferences, seminars or other events.

2.6 You are not permitted to access the restricted areas of the IASCF Website without buying a subscription from the IASCF, unless such access is permitted under a separate licence agreement.

2.7 You may make the IASCF Website available to others through your own Website or in email correspondence by hypertext linking provided that such links do not permit users to enter password-protected subscriber areas without buying a subscription from the IASCF. For the avoidance of doubt this includes deep linking to pages other than the IASCF Website Home Page. The IASCF accepts no responsibility if the target of any hypertext links is moved or removed.

2.8 This agreement does not permit you to reproduce, distribute or sublicense the works in any format other than the limited circumstances in clause 2.4.

2.9 You have the right to reproduce, in hard copy or in electronic format:

(a) not more than 5 copies of any individual standard or specific document of the works for use in connection with the subscriber’s profession or business.

(b) up to 10 copies of extracts for use in connection with the your profession or business. An extract shall be no more than 25 per cent of any complete standard or other document.

2.10 Any copies of extracts must be accompanied by an acknowledgement in the form:

2.11 You must not reproduce, either in hard copy or in electronic format, any individual standard or other document, or any extract from or combination of extracts from the works, for use in any commercial product or for use in any seminar, conference, training or similar commercial event without prior written permission from the IASCF. The IASCF reserves the right to charge a fee for such use.

2.12 You must obtain the IASCF’s approval before producing more copies than those permitted in clause 2.9 or using the Works for one of the purposes set out in clause 2.11.

2.13 You must not, in any circumstances, use or reproduce the IASCF and IASB hexagonal logo without prior consent.

3. XBRL License

3.1 To enable you to exercise the rights granted under this agreement in respect of the XBRL IFRS Taxonomies, and related material, contained on this website IASC Foundation grants you the rights set out below. You must not make use of, or supply Data to any company, firm, or individual except under the terms of this agreement.

3.2 The rights set out in section 3 only apply to the XBRL Taxonomies published by the IASCF, including all modules and versions thereof, and its related material. The permissions granted under clause 3 do not apply to other areas of, or material contained on, the IASC Foundation website. These are governed by the permissions contained in clause 2.

3.3 This agreement permits you to make use of the material for the following non-commercial purposes only to:

(a) use in the creation of XBRL instances.

(b) use as a basis for the creation of other XBRL compliant taxonomies.

3.4 To enable you to use the material for the purposes intended in clause 3.3 you are permitted subject to the limitations of this agreement to:

(a) use, reformat, store, and back-up the Data that comprises the Taxonomies and related material, including the conversion of the Data into hard copy from Electronic Format.

(b) amend the material to create additional or extension taxonomies, provided these are not for commercial purposes.

3.5 You may exercise the rights set out in clause 3.4 solely to further the purposes set out in clause 3.3(a) and (b).

3.6 Any copies of the material or extracts thereof reproduced under the permissions granted in section 3 of the Terms of Use shall be accompanied by an acknowledgement in the form: © International Accounting Standards Committee Foundation, used with permission.

3.7 You may not reproduce in either hardcopy of Electronic Form any material, extracts or combination of the XBRL IFRS Taxonomies or their related material for any seminar, conference, training or similar Commercial event without prior written permission from IASC Foundation.

3.8 Under no circumstances can you use the IASB or IASC Foundation registered trademarks including the Hexagonal logo without prior consent.

3.9 Translation of any of the material contained herein into any other language is prohibited without the prior permission of the IASC Foundation.

3.10 Clause 3 of the IASCF's Terms of Use is intended to be compliant with the XBRL International Intellectual Property Policy (www.xbrl.org/legal). Where a conflict arises the XBRL International Intellectual Property Policy shall prevail.

4. License Fees

4.1 Access to certain areas of the IASCF Website may be subject to a fee.

4.2 Payment for such restricted access must be made in advance and in Pounds Sterling (GBP).

4.3 If your access to the site is terminated by the IASCF you may be entitled to a refund or partial refund of your subscription fee, unless termination was as a result of your failing to comply with these Terms of Use.

4.4 Any such refund referred to in clause 4.3 will be calculated on a pro rata basis.

4.5 If you become entitled to a refund under the provisions of clause 3.3 the IASCF reserves the right at its sole discretion to extend your subscription to compensate you for the period during which access was denied, rather than to provide a monetary refund.

5. Use of IASCF Bookshop

5.1 The prices of items offered by the IASCF online bookshop are clearly set out on the Website and include VAT and delivery charges. If by mistake we have under priced an item we will not be liable to supply it to you at that price provided we notify you before dispatching the goods.

5.2 If for any reason beyond our control we are unable to supply you with a particular item we will notify you as soon as possible. The IASCF shall not be liable to supply such goods provided notification is given before payment is collected.

5.3 No contract of any kind exists between the IASCF and a user placing an order with the Bookshop until the IASCF collects payment for the goods. At any point up to then we may decline to supply the goods without giving reason. At the moment payment is collected, and not before, a contract exists between the IASCF and the purchaser and we will arrange for dispatch of the goods.

5.4 Delivery will be made to the address specified on the order form. The IASCF will use reasonable endeavour to secure delivery within 30 days of the date of the order (with the exception of advance orders). However, we shall not be liable for loss occasioned by delay in delivery arising out of any cause beyond our control.

5.5 Payment may be made by American Express, Visa or Mastercard credit or charge cards or any Switch or Maestro debit card. Card details will be encrypted to minimise the possibility of unauthorised access or disclosure. Authority for payment must be made at the time of the order.

5.6 Credit, debit or charge card orders exceeding £5000 (GBP) are subject to a 3.75 per cent surcharge on the amount exceeding £5000 (GBP). This amount will be automatically added to your order. If you are printing the order form and wish to pay by cheque you do not need to pay this surcharge.

6. Bookshop Refunds and Returns

6.1 The provisions of clause 6 do not apply to purchases of CD-ROMs or Subscriptions that include services delivered through the internet, nor do they apply to purchases made by bookshops or other commercial entities, or made by an employee on behalf of a commercial entity.

6.2 You have the right to cancel your order up to 14 days after the day following delivery of the goods using the Order Enquiry Form.

6.3 If the goods have been dispatched by the time the IASCF receives the cancellation notice you must return the goods to the IASCF and we will refund the purchase price to your credit or debit card within 30 days of the notice of cancellation.

6.4 If you do not return the goods within 21 days of the date of cancellation we will make a charge in respect of collection and recovery of the goods.

6.5 If you do not make the goods available for collection or recovery within 30 days of your notice of cancellation you will be deemed to have accepted the goods. At that point a new contract will be formed and you will be charged for the product at the price set out on the Website.

6.6 Any goods returned to the IASCF must be in good resalable condition; if not you will be charged for them.

6.7 If for any reason your goods arrive in a damaged or otherwise unsatisfactory condition the IASCF will replace them. Please contact the IASCF Publications department using the Order Enquiry Form to arrange the return of the defective products and dispatch of replacements. Please do not return defective goods to the IASCF until requested to do so.

6.8 The provisions of clause 6 do not affect your statutory rights.

7. Disclaimer

7.1 The material contained in this Website are provided for general information purposes only and do not constitute accounting or other professional advice. Neither the IASCF nor any other associated entity accepts any responsibility for any loss or damage that may arise from reliance on information contained in this site.

7.2 While every attempt has been made to ensure the quality and accuracy of this site the IASCF makes no warranties express or implied regarding the content of this site.

7.3 The IASCF disclaims all warranties express and implied to the maximum extent permitted by law including but not limited to warranties of fitness for purpose and merchantability.

7.4 In no event shall the IASCF be liable for any damages either express, incidental, consequential or special, including but not limited to damages for loss of profits, business interruption or other pecuniary loss.

7.5 The IASCF does not guarantee that this Website is free from viruses or other destructive or contaminating content.

7.6 The IASCF reserves the right to change, modify, suspend, add, remove or restrict access to the site or parts of it at its discretion, without prior notice.

7.7 The IASCF may at its sole discretion terminate or suspend your access to all or part of the site with or without cause and without notice.

8. General Terms

8.1 As used herein, unless the context otherwise requires, the masculine includes the feminine, and the neuter includes the masculine and the feminine.

8.2 As used herein, unless the context otherwise requires, the singular includes the plural and vice versa.

8.3 References to any enactment, order, regulation or other similar instrument shall be construed as a reference to the enactment, order, regulation or instrument or as contained in any subsequent re-enactment.

8.4 References in this agreement to sections, clauses and schedules are to the sections, clauses of and schedules to this agreement.

8.5 If any provision of this agreement is declared by any judicial or other competent authority to be void, voidable, illegal, or otherwise unenforceable, or indications of this are received by either of the parties from any relevant competent authority, the remaining provisions of this agreement shall remain in full force and effect.

8.6 The failure by either party to enforce at any time or for any period any one or more of the terms or conditions of this agreement shall not be a waiver of them or of the right at any time subsequently to enforce all terms and conditions of this agreement.

8.7 Headings contained in this agreement are for reference purposes only and shall not be incorporated into this agreement and shall not be deemed to be any indication of the meaning of the clauses to which they relate.

8.8 This agreement shall be governed by, and construed in accordance with, English law and it is hereby irrevocably agreed and accepted that the Courts of England and Wales are to have exclusive jurisdiction to settle any claim, difference or dispute (including, without limitation, claims for set-off or counterclaims) which may arise out of or in connection with this agreement. Each party irrevocably waives any right it may have to object to an action being brought in such Courts, to claim that the action has been brought in an inconvenient forum or to claim that such Courts do not have jurisdiction.

Definitions

For the purposes of the Terms of Use of this Website the following terms shall be accorded the assigned definitions. These definitions shall only apply to the Terms of Use of this site and related agreements. They shall not apply to any of the documents or works contained on this site.

‘Commercial’ – Pertaining to commerce and having either monetary or non-monetary gain as motive.

‘Data’ – Any information in print or electronic format including the works and updates in electronic or other format as agreed between the parties.

‘Electronic Format’ – Any format other than print, including those actuated by or as a result of analogue, digital, electronic, compact disk, electrical, magnetic, optical, laser, acoustic, or any such similar technologies, and/or devices accessed using personal computers, workstations, local area networks, wide area networks, intranets, the Internet, or other dial-in access.

‘Extract’ – An extract of less than 25 per cent of a specific document from any of the works included in the data.

‘IASB’ – The International Accounting Standards Board.

‘IFRIC’ – The International Financial Reporting Interpretations Committee.

‘Individual User(s)’ – A distinctly identifiable individual user of the data obtaining access through the licensee’s services.

‘Official text’ – The works published by the licensor in printed or electronic Format, which are endorsed and published by the IASB and/or IASCF and/or its agent(s).

‘Professional Use’ – Use of the material in a professional capacity in connection with accounting or other related business.

‘Standards’ – The accounting standards and updates to those standards issued by the licensor under the titles International Accounting Standards, or International Financial Reporting Standards.

‘Subscribers’ – Companies, firms, individuals or other legal entities that have access to the IASCF Website’s password-protected areas.

‘Users’ – All companies, firms, individuals or other legal entities that have access to the IASCF Website

‘Works’ - The copyrighted material of the International Accounting Standards Committee Foundation (IASCF). These material include, but are not limited to, the following:

International Financial Reporting Standards (IFRSs)

International Accounting Standards (IASs)

IFRIC Interpretations

SIC Interpretations

Basis For Conclusions for IFRSs and IASs

Implementation Guidance for IFRSs and IASs

Appendices to IASs

Basis for Conclusions for IFRIC and SIC Interpretations

Appendices to SIC Interpretations

IASB Framework for the Preparation and Presentation of Financial Statements

Preface to IFRSs

IASB and IASCF Discussion Papers

IASB and IASCF Exposure Drafts

IFRIC Draft Interpretations

IASB Insight

IASB Update

IFRIC Update

‘XBRL’ – Extensible Business Reporting Language, a language based on the XML standard for the electronic communication of business and financial data.