IVSC Meetings

1000 – 1005

1. CHAIRMAN’S INTRODUCTION

1005 – 1010

2. APOLOGIES FOR ABSENCE

1010 – 1020

3. MINUTES OF PREVIOUS MEETING AND MATTERS ARISING
— get minutes (pdf)

1020 – 1030

4. VALUATION CERTAINTY–- update by Chairman

1030– 1045

5. EXTRACTIVE INDUSTRIES
To approve proposed project brief
— get project brief (pdf)

1045 – 1100

6. PROJECT BRIEF FOR FORESTRY ASSETS
To approve proposed project brief
— get project brief (pdf)

1100 – 1130

7. FAIRNESS OPINIONS
To discuss paper
— get paper (pdf)

1130 – 1145

8. WITHDRAWAL OF EXISTING GN 5 Valuation of Personal Property, and GN 14 Extractive Industries
To receive a report

1145 – 1200

9. INTERNATIONAL FEDERATION OF ACCOUNTANTS
To receive a report from Frank Bollmann, IVSC delegate to the International Auditing and Assurance Standards Board Consultative Advisory Group

1200 – 1230

10. IVSB DUE PROCESS FOR STANDARDS SETTING
A copy of the draft Due Process which is on the agenda for the meeting of the IVSC Board of Trustees on 24 February is attached
— get draft (pdf)

1230 – 1330

LUNCH

1330 – 1400

11. INTERNATIONAL ACCOUNTING STANDARDS BOARD

1. To receive an update on IASB
2.  The IASB has published for public comment an exposure draft of one section of a replacement for IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The section contains revised proposed for measuring liabilities within the scope of IAS 37. The IASB press release is attached. The Exposure Draft is available on the IASB website.

— get press release issued by the IASB and a ‘Snapshot IAS 37 Replacement’ (pdf)
— get exposure draft (pdf on IASB website)

1400 – 1430

12. WORK PLAN

1. To discuss adding project to prepare a standard for the valuation of investment property to work plan
2. To receive a report on the Expert Group on the Valuation of Financial Instruments
3. To review and update current IVSB work plan

— get work plan (pdf)

1400 – 1700

13. IVS REWRITE

Note for observers – initial working drafts are confidential to Board members and will not be made available to observers

1. To receive a progress report
2. To review initial working drafts:
• Introduction
• General Concepts and Principles
• Scope of Work
• Basis of Value
• Valuation Reporting
• Secured Lending
• Property
• Plant and Equipment
3. To discuss draft structure and style guidelines

1700

14. CLOSE OF MEETING