IFRS Foundation Trustees hold October 2016 meeting
14 Nov, 2016
The IFRS Foundation Trustees met in New Delhi on 12–14 October 2016.
Meeting activities included the following:
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Executive session — The Trustees discussed a number of important strategic issues:
- Feedback on the Constitutional review — The Trustees review feedback on the Exposure Draft IFRS Foundation Review of Structure and Effectiveness: Amendments to the Constitution and made conclusions on 10 proposals.
- Agenda consultation — The Trustees were updated on the progress on the Board’s Agenda Consultation and the near-final draft of the 2015 agenda consultation feedback statement.
- Presentation on IFRS in India — The Trustees received a presentation on the status of IFRSs in India and the development of Indian Accounting Standards.
- Other issues — The Trustees discussed progress on the Foundation’s new website, the UK referendum on leaving the EU, intellectual property, fundraising activities in the USA, developments in Asia-Oceania, and the preparations for the Trustees’ next meeting in January 2017.
- Committee reports — The Trustees discussed reports from the Due Process Oversight Committee, Audit and Finance Committee, the 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, agenda consultation, IFRS 9 endorsement, and other issues.
- Events in Delhi — The Institute of Chartered Accountants of India (ICAI) hosted a stakeholder event with the Trustees.
The full report on the IFRS Foundation trustees’ meeting is available on the IASB’s website.