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IFRS Foundation Trustees hold October 2015 meeting

  • IFRS - IASB Image
  • IFRS - Meeting Image

Oct 26, 2015

On October 26, 2015, the Trustees of the IFRS Foundation announced the conclusions of their meeting held in Beijing on October 14-15, 2015. The Trustees are responsible for the governance and oversight of the International Accounting Standards Board (IASB).

Meeting activities included the following:

  • Executive session— The Trustees discussed a number of important strategic issues: (i) Meeting with the Chinese Assistant Minister of Finance; (ii) Strategic overview; (iii) Funding; (iv) Communications strategy; and (v) International developments.
  • IASB Chairman’s report — The Vice-Chair of the IASB provide the Trustees with an update on the following IASB’s technical activities, on behalf of the Chair: Insurance contracts, Investors in Financial Reporting programme and Use of IFRS globally and consistency of application.
  • Report of the Due Process Oversight Committee (DPOC) — The Trustees received a report about the DPOC’s October 2015 meeting.
  • Stakeholder event — The IFRS Foundation hosted an event "IFRS and China: Ever-changing Challenges and Opportunities" which saw several speeches and a panel discussion.

The full report on the IFRS Foundation trustees’ meeting is available on the IASB’s website.

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