Wednesday 5 March 2025

Meeting Date
Wednesday 5th of March 2025
Meeting Time
09:30 – 16:00
Meeting Location
Level 16, 530 Collins Street, Melbourne, Vic 3000, Australia
Meeting Details

Members of the public are advised that members of the Financial Reporting Council (FRC) will attend the meeting in person or via a Microsoft Teams videoconference. Members of the public may attend the meeting via Microsoft Teams although public attendance is via registration only. Members of the public should register their interest in attending the public sessions no later than 24 hours in advance of the meeting by emailing secretariat@frc.gov.au detailing:

  • Name
  • Affiliation
  • Contact details

Download the meeting pack [PDF 1.6MB]

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 – 4 December 2024
  2. Action items
 Chair
Chair/Secretariat		  

3. Environmental scan

   09:45
  1. Member reflections
  2. Stakeholder reports

All
Secretariat

  

4. Oversight of Australian Standards (Accounting and Auditing) per ASIC Act s 225(1) to (2A)

   10:15
  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 assurance update
 Keith Kendall


Doug Niven		  
Morning tea   11:00

5. Monitoring and influencing international developments per ASIC Act s 225(2)(e) to (2)(f) and s 225(2A)(f) to (2A)(g)

   11:15
  1. XRB Update
  2. International developments (including recent media releases)
 Michele Embling
FRC		  

6. Public Sector Advisory Group per ASIC Act s 225(2)(g), (2)(h)(i) and s 225(2A)(g) and (2A)(h)(i)

 Amy Fox 11:45

7. FRC Strategic Plan 2025-26

 Chair 12:00

8. Other business

  1. Nominations Committee [per s 225(2)(a) and s 225(2A)(a)]
  2. Correspondence received and sent
  3. FRC website update
  4. Key action items summary
Rachel Grimes
Chair
Chair/Secretariat
Secretariat		 12:15

9. Next meeting

 Chair 12:40
6 June 2025 – Sydney    

Lunch

   12:45

PRIVATE SESSION

10. Matters for private session

   13:30

Meeting close

   16:00
tag
Notices of Meeting