The IOC publishes its 2018 annual report and financial statements
THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) TODAY PUBLISHED ITS 2018 ANNUAL REPORT AND FINANCIAL STATEMENTS FOLLOWING APPROVAL BY THE MEMBERS AT THE 134TH IOC SESSION IN LAUSANNE.
Now in its fifth edition, the IOC Annual Report 2018: Credibility, Sustainability and Youth, is a direct result of Recommendation 29 of Olympic Agenda 2020 to “Increase Transparency”. In addition to describing the activities of the IOC during the year, it contains the audited financial statements for 2018, including the Members’ indemnity. In the interests of full transparency and disclosure, the financial statements are prepared and audited according to International Financial Reporting Standards (IFRS), even though the IOC is not legally obligated to comply with these higher standards.