IFRS Advisory Council meeting — 10-11 June 2013

Start date:

End date:

Location: London

IFRS Advisory Council

The IFRS Advisory Council met in London on 10-11 June 2013. Topics discussed included the costs and benefits of IFRS adoption, project updates and discussion on various IASB projects, an evaluation of the post-implementation review process, the Accounting Standards Advisory Forum (ASAF), and the role and composition of the IFRS Advisory Council.

Agenda for the meeting

Monday, 10 June 2013

Public sessions (09:15-17:30)

  • Welcome and Chairman's preview
  • Overview of the last four months
  • IASB activities - work plan update, project update, implementation, other activities
  • Update on Trustee activities
  • Costs and benefits of IFRS adoption:
    • IFRS country profiles
    • Korean research
    • CERF/AcSB survey
  • Conceptual framework - project update
  • Review of IFRS for SMEs:
    • Project update
    • 'Proportionality' for small/mid-cap public companies
    • Breakout discussions
  • Post implementation reviews
    • Usefulness in IASB/IFRS Foundation meeting its strategic objectives
    • Coordination with FAF on converged standards


Tuesday, 11 June 2013

Public sessions (09:00-15:00)

  • Accounting Standards Advisory Forum (ASAF)
  • Role and composition of the IFRS Advisory Council
    • Workgroup update
    • XBRL overview
    • Should XBRL Advisory Council and IFRS Advisory Council be merged?
    • Other trends and developments that may have a significant impact
  • Financial instruments - classification and measurement
  • Insurance contracts
  • Sum up of discussion


Agenda papers from this meeting are available on the IASB's website.

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.