Agenda for IFRS Advisory Council meeting now available

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13 Sep 2013

The IFRS Advisory Council is meeting in London on 14-15 October 2013. The agenda for the meeting has been released, noting a broad range of topics to be discussed. In addition to the traditional updates from the IASB, IFRS Foundation Trustees and Monitoring Board, the meeting will consider topics such as the implementation and maintenance of accounting standards, a draft report from the Effects Analysis Consultative Group, the use of IFRS around the world, and building the IFRS network. Particular attention will also be given to the IASB's projects on leases, the conceptual framework and the post-implementation review of IFRS 3 'Business Combinations'.

The full agenda for the meeting is summarised below:

Monday, 14 October 2013 (09:15-17:30)

  • Welcome and Chairman's preview
  • Overview of the last four months
    • IASB activities
    • Trustee activities - including the European Commission's draft Regulation on funding of the IFRS Foundation
    • Monitoring Board update
  • Update on IFRS application in Japan
  • Role and composition of the IFRS Advisory Council
  • Implementation and maintenance activities
    • What post-publication implementation support should the IASB provide?
    • Striking the right balance between being responsive to implementation needs and imposing changes in IFRSs
    • Maintaining convergence of jointly developed standards
    • Mutual Statement of Cooperation with IOSCO
  • Conceptual framework - purpose, other strategic issues and interaction between IASB and International Public Sector Accounting Standards Board (IPSASB)

Tuesday, 15 October 2013 (08:00-16:00)

  • Closed sessions - meetings with investor and emerging markets representatives
  • Building the IFRS network - interaction of International Valuation Standards and IFRS
  • Effects analysis - draft report of the Effects Analysis Consultative Group
  • Post-implementation review - IFRS 3 Business Combinations
  • Use of IFRSs around the world
  • Leases - finalising the standard
  • Sum up discussions

Agenda papers from this meeting are not yet available but will be made available on the IASB's website in due course.

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