IFRS Foundation Trustees hold April 2015 meeting
01 May 2015
The Trustees of the IFRS Foundation met in Toronto, Canada, on 14–16 April 2015.
Meeting activities included the following:
- Executive session — The Trustees agreed to respond to the European Commission’s Green Paper, Building a Capital Market Union, and to draft a consultation document on the review of structure and effectiveness of the IFRS Foundation. In addition, updates were given on (1) the review of the ASAF’s operations, (2) developments in the United States, (3) Canada’s perspective on financial reporting issues, (4) commercial opportunities, and (5) other administrative matters.
- IASB chairman’s report — IASB Chairman Hans Hoogervorst gave an update on the IASB’s progress related to its leases project and the work of the Revenue Transition Resource Group.
- Report of the Due Process Oversight Committee (DPOC) — Michael Prada, chairman of the IFRS Foundation Trustees, led a discussion about the DPOC’s April 2015 meeting with the IASB. For more information, see our related news item.
- Regional outreach activity — The IFRS Foundation jointly hosted an event with the AcSOC, the AcSB and CPA Canada.
The full report on the IFRS Foundation Trustees’ meeting is available on the IASB’s website.