IFRS Advisory Council’s terms of reference amended

  • IFRS Advisory Council (mid blue) Image

17 Jul, 2014

During its July 2014 meeting, the IFRS Foundation Trustees approved an amendment to the secondary objective of the IFRS Advisory Council’s terms of reference in order to address a shift in focus from promotion and adoption of IFRS to one that encourages board participation in IFRS development.

Previously, the terms of reference were discussed during the IFRS Advisory Council meeting held on 9-10 June 2014, where the council members recommended a change to the secondary objective to clear any misconceptions regarding its independence and objectivity.

For more information, see the press release on the IASB’s website.

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