Wednesday 17 September 2025

Meeting Date
Wednesday 17th of September 2025
Meeting Time
09:30 – 15:00
Meeting Location
Level 16, 530 Collins Street, Melbourne, VIC 3000
Meeting Details

Financial Reporting Council (FRC) members will attend this meeting in person or via Microsoft Teams. Members of the public may attend the public session of the meeting on Teams by registering their interest at least 24 hours before the meeting. Please email secretariat@frc.gov.au with your:

  • Name
  • Affiliation
  • Contact details

Item

Report by

Time

PUBLIC SESSION

1. Introduction

  09:30
  1. Acknowledgement of country
  2. Attendees and apologies
  3. Declarations of interest
Chair  

2. Matters for noting/action

  09:35
  1. Minutes of previous meeting (6 June 2025) and approval of FRC 2024–25 Annual Report
  2. Action items
Chair
Secretariat
 

3. Environmental scan

  09:40
  1. Member reflections
  2. FRC Stakeholder Engagement Strategy
All
Secretariat
 

4. Oversight of Australian accounting, auditing and sustainability standards per ASIC Act s 225(1) to (2A)

  10:10
  1. Australian Accounting Standards Board
    1. Financial reporting update
    2. Sustainability reporting update
  2. Auditing and Assurance Standards Board
    1. Financial auditing and assurance update
    2. Sustainability auditing and assurance update
AASB Chair


AUASB Chair
 
Morning tea   10:50

5. Monitoring and influencing international developments per ASIC Act s 225(1A) and s 225(2C)(f)

  11:10
  1. XRB Update
  2. International developments (including recent media releases)
XRB Chair
FRC
 

6. Public Sector Advisory Group (PSAG) report per ASIC Act s 225(1A)

Amy Fox 11:40

7. Nominations Committee report per ASIC Act s 225(2)(a) and s 225(2A)(a)

Rachel Grimes 11:55
8. Auditor Review Working Group report Chair 12:15

9. Other business

  12:45
  1. Correspondence received and sent
  2. Key action items summary
  3. Next meeting: 10 December 2025, Sydney
Chair
Secretariat
Chair
 
Lunch   13:00
PRIVATE SESSION

10. Matters for private session

  14:00
Meeting close   15:00