Paul Volcker will address ARC tomorrow

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24 Feb 2005

The agenda for tomorrow's meeting in Brussels of the Accounting Regulatory Committee, which advises the European Commission on endorsement of IFRSs for use in Europe, has changed significantly from the one we reported in our news story of 3 February 2005.

The agenda for tomorrow includes 3½ hours on the IASCF constitution review, starting with a one-hour presentation by Paul A. Volcker, Chairman of the IASC Foundation board of trustees, which oversees the IASB. His presentation will be followed by a 2½ hour discussion of ARC's draft letter of response. The previously announced agenda had provided for only 30 minutes on this topic. In addition, ARC will vote on whether to recommend IFRIC 2 Members' Shares in Co-operative Entities and Similar Instruments for use in Europe. Also, EFRAG will make a presentation on its non-endorsement of IFRIC 3 (see yesterday's news story). Click to download the (PDF 13k).

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