Report on the May 2020 IFRS Advisory Council meeting

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01 Jul 2020

A summary report has been released of the meeting of the IFRS Advisory Council held by remote participation on 27-28 May 2020.

The participants discussed:

  • Digital experience for customers and stakeholders — Council members received a presentation on the Foundation’s digital experience. The proposed digital framework was well received by the members.
  • Key performance indicators (KPIs) on Board technical activities — Council members reviewed the areas of the Board’s technical work that will benefit from the use of KPIs; the types of KPIs to be used; the manner in which KPIs support the Foundation’s key objectives as well as KPIs’ limitations; and the use and interpretation of KPI data.
  • Monitoring adoption — Council members received presentations BCBS, IOSCO, and the IMF. Each organisation shared some of the pertinent lessons learnt from their experience in monitoring and assessing standards.
  • Update on Board activities and Update on the Board’s activities — Council members received updates on recent trustee activities and on recent activities of the Board and the IFRS Foundation.

The full meeting summary is available on the IASB's website. There are also recordings of the individual sessions.

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