Deloitte comment letter on proposed amendments to the IFRS Foundation Constitution

Published on: 15 Sep 2016

We have responded to the proposed amendments to the IFRS Foundation Constitution that are the result of the Trustees 2015 review of structure and effectiveness of the IFRS Foundation. As stated in the comment letter, we

  • support the proposal to have three geographical regions to be used throughout the IFRS Foundation when determining the distribution of Trustees and the IASB and other appointments;
  • disagree with the proposal to reduce the size of the IASB from 16 to 13 members;
  • do not support reducing the number of meetings of the Advisory Council from three meetings per year to two; and
  • encourage the IFRS Foundation Trustees to act much more as a body of non-executive directors.

Download the full comment letter below.


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