Standards Advisory Council Update - Oral Report
The IASB staff gave an oral report on the meeting of the Standards Advisory Council meeting held on 13-14 November 2008. This was the last meeting of the Council in its current form.
Of particular concern were:
- SAC members' continued frustration that the SAC lacked a clear role within the IASB/IASCF structure;
- that the 'feedback loop' is unclear (that is, SAC members are interested in how their input has influenced IASB and IASCF decisions); and
- SAC's agenda should be limited to items for which it could provide the most useful input to the IASB.