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IFRS Foundation Trustees and Due Process Oversight Committee hold January 2018 meeting

  • IFRS Trustees meeting (blue) Image

Mar 14, 2018

The IFRS Foundation Trustees and the Due Process Oversight Committee (DPOC) met in Hong Kong on 30 January – 1 February 2018.

Meeting ac­tiv­i­ties included the following:

  • Executive session — The Trustees discussed a number of important strategic issues:
    • Trustee Corporate Governance Issues — The Trustees discussed issues related to governance and procedures.
    • Report of the Directors — The Trustees received a report which discussed highlights of the IFRS Foundation in the past three months.
    • Asia-Oceania Office Plan — The Trustees approved the Asia-Oceania’s 2018 work plan.
    • Analysis of Organisation expenditure — The Trustees received a report on total expenditure for 2017.
    • Trustee Meeting Locations — The Trustees agreed that Brussels will host the first meeting in 2019.
    • Committee reports — The Trustees discussed reports from the Audit and Finance Committee, the Education and Content Services Committee, the Human Capital Committee, the Nom­i­nat­ing Committee, and the DPOC.

      The DPOC session included an update on the International Accounting Standards Board's (the Board) technical activities as well as its due process actions. The DPOC also announced Ann Tarca will become Vice-Chair of the IFRS Taxonomy Consultative group. In addition, the DPOC approved a staff paper which outline the scope and timetable for the review of the Due Process Handbook.
  • IASB® Chairman’s report — The Chair of the IASB provided the Trustees with an update on the Board’s technical ac­tiv­i­ties, support for the implementation of IFRS 17, and the conceptual framework project.
  • Meetings in Hong Kong  The Trustees received a presentation by the Advisory Council chair. In addition, the Trustees met with the Asian-Oceanian Standard-Setters Group and had a stakeholders event.

The full report on the IFRS Foun­da­tion trustees’ and DPOC meeting is available on the Board’s website.

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