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Agenda for June 2014 IFRS Advisory Council meeting

  • IFRS AC meeting (mid blue) Image

16 May 2014

An agenda is available for the upcoming IFRS Advisory Council meeting to be held in London on 9-10 June 2014. In addition to updates on the activities of the Council, IFRS Foundation, International Accounting Standards Board (IASB) and Effect Analysis Consultative Group, the meeting will focus on the role of judgement in financial reporting, consider preliminary feedback on the post-implementation review of IFRS 3 and the Conceptual Framework project, and discuss the proposed approach to implementation support groups. A number of other topics will also be discussed.

The agenda for the meeting is summarised below:

Monday, 9 June 2014 (09:15-17:30)

  • Welcome and Chairman preview
  • Overview of the past four months
  • IASB activities
    • Work plan update
    • IFRS Taxonomy due process
    • Leases update
    • Accounting Standards Advisory Forum (ASAF) update
    • Other key issues
  • Conceptual Framework - comment letters, outreach feedback and next steps
  • Trustee activities - key issues
  • Use of judgement (including break out discussions and reporting back)
    • Role of judgement versus consistency
    • Principles involving judgement
    • Need for more guidance
    • Impediments to the use of judgement
  • Implementation support groups - proposed impairment group

 

Tuesday, 10 June 2014 (10:45-15:30)

  • IFRS research activities
  • Report from Effects Analysis Consultative Group
  • Post implementation review - IFRS 3 Business Combinations - preliminary feedback
  • Sum up of discussions

 

Agenda papers for this meeting will be made available on the IASB's website in due course.

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