IFRS Foundation Trustees and Due Process Oversight Committee hold October 2018 meeting

  • IFRS Trustees meeting (blue) Image

21 Nov 2018

The IFRS Foundation Trustees and the Due Process Oversight Committee (DPOC) met in Johannesburg on 16-18 October 2018.

Meeting activities included the following:

  • Executive session:
    • Report of the Executive Director — The Trustees received a report from the Executive Director Lee White on activities since the last meeting.
    • Governance issues — The Trustees discussed and agreed proposed changes to the Foundation’s Constitution and changes to membership of ASAF.
    • Operations analysis — The Trustees received presentations on the Foundation’s technology and future IT architecture.
    • Future meetings — The Trustees confirmed that their next meeting would be in Kuala Lumpur in January 2019, with later meetings in Munich and New York.
    • Committee reports — The Trustees discussed reports from the Audit and Finance Committee, the Human Capital Committee, the Nominating Committee, the Education and Content Services Committee, and the DPOC. (Recordings from the DPOC meeting were released in October 2018).
  • IASB Chairman’s report — The Chair of the IASB provided the Trustees with a general update on the IASB’s technical activities (especially on financial instruments with characteristics of equity, principles of disclosure, goodwill and impairment, primary financial statements, and IBOR reform) and then discussed the Board's support for the implementation of IFRS 17 and possible amendments to the standard.
  • Meetings in Johannesburg — The Trustees held a stakeholder discussion and dinner entitled The future of financial reporting: an African perspective.

The full report on the IFRS Foundation trustees’ and DPOC meeting is available on the IASB’s website.

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