The meeting is open to public observation. A draft agenda has been posted on the IASB's website and is summarised below. The
Advisory Council provides a forum for the IASB to consult a wide range of interested parties affected by the IASB's work, with the objective of:
- advising the Board on agenda decisions and priorities in the Board's work,
- informing the Board of the views of the organisations and individuals on the Council on major standard-setting projects, and
- giving other advice to the Board or to the Trustees.
IFRS Advisory Council Meeting Agenda — 21-22 June 2010, London
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Monday 21 June 2010 (10:00am-17:30pm)
- Welcome and Chairman's preview
- Overview of last four months – Report of the Advisory Council Chair and Vice-Chairs
- IASB Activities
- Update on major projects that are the most challenging in terms of meeting the June 2011 deadline:
- Financial Instruments
- Financial Statement Presentation
- Insurance
- Leases
- Revenue Recognition
- Consolidation/derecognition
- Other activities
- Advisory Council Member activities
- Advice to the IASB on the criteria for its agenda
- The IASB work plan post June 2011 – Council will be asked to approve a report to the IASB setting out the Council's views on major issues
- Recommendation to IASB on the process for its public consultation on its technical agenda post-June 2011
- Financial Statement Presentation
Tuesday 22 June 2010 (11:15am to 14:00pm)
- Criteria for Annual Improvements
- Due process when IASB proposals are met with widespread resistance
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