Report on the June 2014 IFRS Advisory Council meeting

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A report on the IFRS Advisory Council meeting held in London on 9-10 June 2014 has been posted to the IASB’s website. The meeting included the updates on the activities of the Council, IFRS Foundation, International Accounting Standards Board (IASB) and Effect Analysis Consultative Group, as well as discussions focused on the role of judgement in financial reporting, the preliminary feedback on the post-implementation review of IFRS 3, the Conceptual Framework project, and the proposed approach to implementation support groups. A number of other topics were also discussed.

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