Meeting Date
Wednesday 31st of March 2021
Meeting Time
10.00am – 4.00pm
Meeting Location
Microsoft Teams meeting
Meeting Details

Members of the public are advised that the meeting will be held by Microsoft Teams and public attendance is via registration only. Public should register their interest in attending the public sessions no later than 24 hours in advance of the meeting by emailing frcsecretariat@treasury.gov.au detailing:

  • Name
  • Affiliation
  • Contact details

Registered attendees will be emailed Microsoft Teams details on 29 March 2021.

Download meeting papers [ZIP 2.55MB]

                                            Item Time
NON-PUBLIC SESSION  
1.         Matters for non-public session * 10.00am
PUBLIC SESSION  
2.         Introduction 10.30am
  1. Attendees and apologies
  2. Declarations of interest 
  
3.         Matters for noting/action 10.35am
  1. Minutes of previous meeting – 16 December 2020 
  2. Matters arising
  
4.         Oversight of Australian Standards (Accounting and Auditing) per s225(1) to s225(2A) 10.45am
  1. Accounting Standards
    • Report by AASB Chair
  2. Auditing Standards
    • Report by AUASB Chair 
  
5.          Oversight of Audit Quality
             per s225(2B) to s225(2C)		 11.40am
  1. Parliamentary Inquiry – Government response 
  2. Audit Committee Chairs (ACCs) Survey 
  3. Professional Investors Survey 
  4. Review of ASIC Programs
  
Lunch 12.30pm
6.         FRC Strategy 1.00pm
  1. FRC Strategy 2021-24 for approval 
    • Strategic Plan 
  
7.          Monitoring and influencing Australian developments 1.30pm
  1. Stakeholder reports
  2. Report by XRB
  
8.         Monitoring and influencing international developments 2.30pm
  1. International developments 
  2. IFRS Trustees
  
9.         Other Business 3.00pm
  1. Update on EER 
  
10.       Next meeting and close 4.00pm
  1. Thursday 3 June 2021 
  

* NB: Agenda item 1 will be held in private. The order of agenda items may be changed during a meeting.

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Notices of Meeting