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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.

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