Meetings of the Standards Advisory Council
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The Standards Advisory Council (SAC) meets three times per year for a period of two days, but additional meetings may be convened at the request of the Chairman.
The Chairman of the International Accounting Standards Board (IASB), the IASB’s Director of Technical Activities and those IASB members and staff who are responsible for items on the agenda are required to attend SAC meetings. |
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IASB members are generally required to attend the meetings so that they can hear at first hand the views of the SAC. The meetings of the SAC are open to the public except for administrative items, which are dealt with in closed session.