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Report of the IFRS Foundation Trustees May 2016 meeting

  • IFRS - IASB Image
  • IFRS - Meeting Image

Jun 10, 2016

On June 10, 2016, the report of the IFRS Foundation Trustees meeting in Jakarta held on May 24–26, 2016 was released.

Meeting activities included the following:

  • Executive session — The Trustees discussed a number of important strategic issues:
    • Review of structure and effectiveness of the IFRS Foundation — The Trustees extensively discussed and concluded their review of structure and effectiveness of the IFRS Foundation.
    • Agenda consultation — The Trustees were updated on the progress on the Board’s Agenda Consultation, in particular the key messages received from respondents and how these messages, as well as those received on the Trustees’ review, had been used to develop a draft work plan for the Board for the period 2017-2021.
    • Presentation on IFRS in Indonesia — The Trustees received a presentation on the status of IFRSs in Indonesia.
    • Insurance contracts — The Trustees received a presentation on the forthcoming standard.
    • Other issues.
    • Committee reports — The Trustees discussed reports from the Audit and Finance Committee, the Education and Content Services Committee, the Human Capital Committee, and the Nominating Committee.
  • IASB Chairman’s report — The Chair of the IASB provided the Trustees with an update on a number of the IASB’s technical activities with special focus on the 2015 Agenda consultation and consistent application of IFRSs around the world.
  • Report of the Due Process Oversight Committee (DPOC) — The Trustees received a report about the DPOC’s May 2016 meeting.
  • Events in Jakarta — The report especially notes the stakeholder event and the signing of the joint agreement with Indonesian authorities.

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

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