Notes from the October 2012 IFRS Advisory Council meeting
23 Oct 2012
The IFRS Advisory Council meeting was held in London on 22-23 October 2012. We have posted the Deloitte observer notes from the meeting.
Some of the highlights from the meeting include discussions on:
- the preliminary proposal to establish an Accounting Standards Forum
- rate-regulated activities and how the IFRS should reflect the effects of rate regulation
- US SEC representative's comments regarding the current situation the SEC is in regarding the adoption of IFRSs in the US
- the consistent application of IFRSs and whether the IASB current policy is sufficient
Click to access the preliminary and unofficial notes taken by Deloitte observers for the entire meeting.