Thursday 3 June 2021

Meeting Date
Thursday 3rd of June 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 1 June 2021.

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

Download meeting papers [ZIP 2.05MB]

Item Report by Time
NON-PUBLIC SESSION    
1.         Matters for non-public session * Chair 10.00am
PUBLIC SESSION    
2.         Introduction   10.15am
  1. Attendees and apologies
  2. Declarations of interest 
 Chair
Chair		  
3.         Matters for noting/action   10.20am
  1. Minutes of previous meeting – 31 March 2021
  2. Matters arising
 Chair
Chair		  
4.         Oversight of Australian Standards (Accounting and Auditing) per s225(1) to s225(2A)   10.30am
  1. Accounting Standards
    • Report by AASB Chair
  2. Auditing Standards
    • Report by AUASB Chair 
 Keith Kendall
 
Bill Edge
 		  
5.          Oversight of Audit Quality
             per s225(2B) to s225(2C)		   11.30am
  1. Parliamentary Inquiry
  2. Stakeholders Views on Audit Quality
 Chair
Chair		  
Lunch   12.30pm
6.        FRC Nominations Committee   1.00pm
  1. Report by FRC Nominations Committee Chair - verbal report
 Lawrie Tremaine  
7.          Monitoring and influencing Australian developments   1.30pm
  1. Stakeholder Meeting - verbal report
  2. Stakeholder reports
  3. Report by XRB - verbal report
 Chair
Chair
Michele Embling		  
8.         Monitoring and influencing international developments   2.30pm
  1. International developments 
 Chair  
9.         Other Business   3.00pm
  1. Update and discussion on Extended External Reporting (EER)
  2. Public Sector Matters - verbal report
  3. FRC Annual Report 2020-21
  4. FRC Peer Review
  5. IFRS Foundation Contribution
 Chair
Stewart Walters
Chair
Chair
Chair		  
10.       Next meeting and close   4.00pm
  1. Wednesday 22 September 2021 – verbal report
 Chair  
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Notices of Meeting