IFRS Advisory Council meeting agenda

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20 Feb 2013

The agenda has been released for the upcoming meeting of the IFRS Advisory Council, which is being held in London on 25-26 February 2013. The meeting will include discussion of the impact of the newly created Accounting Standards Advisory Forum (ASAF) on the IFRS Advisory Council.

The agenda paper (link to IASB website) for the presentation on the ASAF includes commentary that the "purpose of ASAF is technical advice [whereas the] Advisory Council plays strategic role" and that the "ASAF focuses on standard setting, rather than implementation and consistent application".  The agenda includes breakout discussions on the ASAF.

The full agenda is set out below:


Monday, 25 February 2013 (09:15-17:00)

  • Welcome and Chairman's preview
  • Overview of the last four months
  • IASB activities
    • Work plan update
    • Project update - seeking input from Council members on key issues
    • Implementation
    • Other activities
  • Update on Trustee activities
  • Monitoring Board update
  • Accounting Standards Advisory Forum (ASAF)
    • Implications for the Advisory Council
    • Breakout discussions and report back

Tuesday, 26 February 2013 (09:00-16:00)

  • Research plan update
  • XBRL plan update
  • Comments received on EFRAG's discussion paper on disclosure
  • Disclosure
    • Update on Disclosure Forum
    • Disclosure principles in the Conceptual Framework
  • Financial instruments - limited amendments to IFRS 9
  • IASB due process handbook update
  • Survey on IFRS around the world
  • Summaries of breakout discussions at the October 2012 meeting and follow up on issues discussed (including rate-regulated activities)
  • Sum up of discussions


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

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