IFRS Foundation Trustees hold January 2016 meeting

  • IFRS Trustees meeting (blue) Image

05 Feb, 2016

The IFRS Foundation Trustees met in London on 26–28 January 2016.

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 reviewed (1) the progress of the review of structure and effectiveness of the IFRS Foundation and (2) the comments received on the request for views. Topics discussed included relevance of IFRS Standards, consistent application, governance and financing.  
    • Strategic Plan 2016 — The Trustees discussed specific actions and activities for 2016.
    • Working with National Standard-Setters and regional bodies — The Trustees decided on three goals: (1) to maintain effective relationships and communication with NSS and regional bodies, (2) promote consistent application of IFRS from NSS and regional bodies, and (3) work together with NSS and regional bodies on the Technical Work Programme.
    • Other issues.
    • Committee reports — The Trustees discussed reports from the Audit and Finance Committee, 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.
    • Major projects — The IASB chair discussed its recently issued leases standard, the end of deliberations in the insurance contracts project, and the different effective dates of IFRS 9 and new insurance contracts standard.
  • Report of the Due Process Oversight Committee (DPOC) — The Trustees received a report about the DPOC’s January 2016 meeting. For more in­for­ma­tion, see our related news item.
  • Investors in financial reporting event — The IFRS Foun­da­tion, with the CFA Institute, hosted an event 'Investors in Financial Reporting’.

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

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