A report on the IFRS Advisory Council meeting held in London on 13-14 October 2014 has been posted to the IASB’s website. The meeting included discussions focused on the risks and opportunities regarding the IFRS Foundation (IFRSF); updates on the IASB’s projects on insurance, materiality, disclosure initiative, and conceptual framework; a review of the structure and effectiveness of the IFRSF; and developments of IFRS Content Services.