Wednesday 23 November 2022

1. Matters for non‑public session*

2. Introduction

1. Attendees and apologies
2. Declarations of interest

3. Matters for noting / action

1. Minutes of previous meeting – 8 September 2022
2. Minutes of out‑of‑session meetings – 27 October and 10 November 2022
3. Matters arising

4. Oversight of Australian Standards (Accounting and Auditing)
   per s225(1) to s225(2A)

1. Australian Accounting Standards Board
2. Auditing and Assurance Standards Board
3. Oversight of AASB and AUASB

5. Interviews of Audit Committee Chairs per s225(2B) and (2C)

6. Extended External Reporting per s225(1)(a) to (1)(e) and s225(1)(g)

1. Sustainability Reporting
2. Australian and international sustainability developments update – verbal

Chair
Bill Edge and Keith Kendall

7. Digital reporting update – verbal per s225(2)(g)

8. Public Sector Advisory Group – verbal update per s225(2)(g), (2)(h)(i) and s225(2A)(g) and (2A)(h)(i)

9. Cyber Security and Financial Reporting

10. Public Beneficial Ownership – Treasury Consultation Paper

11. Emerging issues and FRC priorities per s225(1)(a) to (d), (1)(g), (2B) and (2C)(e)

1. Talent attraction and retention
2. Royal Commissions and Inquiries
3. Auditor Disciplinary Processes

12. Monitoring and influencing international developments per 225(2)(e) to (2)(f) and s225(2A)(f) to (2A)(g)

1. International developments
2. XRB Update – verbal

13. Monitoring and influencing Australian developments per s225(1)(f)

1. Stakeholder reports
   • At the time of drafting the meeting papers, the FRC received 8 stakeholder reports and 1 response confirming nil update from its request to 19 stakeholders.

14. Other business

1. Nominations Committee [per s225(2)(a) and s225(2A)(a)]
2. Correspondence received and sent
3. Key Action Items Summary

Chair
Chair/FRC Secretariat
Chair/FRC Secretariat

15. Next meeting and close

1. Wednesday 8 March 2023