Agenda for June 2010 Advisory Council meeting

  • IFRS Advisory Council (mid blue) Image

31 May, 2010

The IFRS Advisory Council (formerly called Standards Advisory Council, or SAC) will meet with the IASB on Monday and Tuesday, 21-22 June 2010, at the Renaissance Chancery Court Hotel in London.

The meeting is open to public observation. A draft agenda has been posted on the IASB's website and is summarised below. The Advisory Council provides a forum for the IASB to consult a wide range of interested parties affected by the IASB's work, with the objective of:
  • advising the Board on agenda decisions and priorities in the Board's work,
  • informing the Board of the views of the organisations and individuals on the Council on major standard-setting projects, and
  • giving other advice to the Board or to the Trustees.

IFRS Advisory Council Meeting Agenda — 21-22 June 2010, London

Monday 21 June 2010 (10:00am-17:30pm)

  • Welcome and Chairman's preview
  • Overview of last four months – Report of the Advisory Council Chair and Vice-Chairs
  • IASB Activities
    • Update on major projects that are the most challenging in terms of meeting the June 2011 deadline:
      • Financial Instruments
      • Financial Statement Presentation
      • Insurance
      • Leases
      • Revenue Recognition
      • Consolidation/derecognition
    • Other activities
  • Advisory Council Member activities
  • Advice to the IASB on the criteria for its agenda
  • The IASB work plan post June 2011 – Council will be asked to approve a report to the IASB setting out the Council's views on major issues
  • Recommendation to IASB on the process for its public consultation on its technical agenda post-June 2011
  • Financial Statement Presentation

Tuesday 22 June 2010 (11:15am to 14:00pm)

  • Criteria for Annual Improvements
  • Due process when IASB proposals are met with widespread resistance

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