IASB activities

Date recorded:

Mr Glauber reported on the progress of the IASB's agenda and the convergence efforts of the IASB and FASB, leaving the details of oversight activities to David Sidwell. He noted that convergence was a way to 'enable' adoption of IFRSs in jurisdictions – especially the US. The Boards are fully and deeply engaged, while remaining totally committed to producing a high-quality result and following full transparent due process. He said that the Monitoring Board should be 'totally assured' that high quality and due process would not be sacrificed to a timetable, and that the IFRSF Trustees' Due Process Oversight Committee was also fully engaged in its oversight activities.

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