This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Summary of the July 2012 Trustees’ meeting

  • IFRS Foundation badge (dk green) Image

Aug 02, 2012

The IASB has posted a summary of meeting of the Trustees of the IFRS Foundation that took place in Washington, D.C., on July 12, 2012.

The Trustees of the IFRS Foundation, the body responsible for the governance and oversight of the IASB, discussed the following topics:

  • Report of the Chairman of the IASB concerning the four main Memorandum of Understanding (MoU) and convergence projects as well as the progress the IASB was making in determining its future agenda.
  • Report of the Chairman of the IFRS Advisory Council on the issues discussed at the June 2012 meeting of the Council and the draft Due Process Handbook.
  • Report of the Chairman of the Due Process Oversight Committee on initial feedback received on the draft Due Process Handbook, which is being exposed for public comment, and on the comprehensive review of the IFRS for SMEs.
  • Update on the IFRS for SMEs
  • Regional outreach activity on whether and how to incorporate IFRSs into the U.S. financial reporting regime.
  • Meeting with the IFRS Foundation Monitoring Board regarding the progress made in following up the recommendations of their respective reviews of the governance and strategy of the organization.

Click for the full summary on the IASB's Web site. The next meeting of the Trustees of the IFRS Foundation is scheduled for October 12, 2012.

You can also access the preliminary and unofficial notes taken by Deloitte observers for this meeting.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.