Agenda for upcoming IFRS Advisory Council meeting

  • IFRS Advisory Council (mid blue) Image

30 May 2013

The IFRS Advisory Council is meeting in London on 10-11 June 2013. The agenda for the meeting has recently been made available. Topics to be discussed include 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.

The full agenda for the meeting (as of 28 May 2013) is summarised below:


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 have not yet been released, but will be made available on the IASB's website prior to the meeting.  Deloitte observer notes from the meeting will be made available on our agenda page for this meeting.

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