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Due Process Oversight Committee (DPOC)

Background

The IASB’s due process is is set out in its Due Process Handbook and is based on the principles of transparency, full and fair consideration of the perspectives of those affected by IFRSs globally, and accountability.

Under the IFRS Foundation Constitution, the IFRS Foundation Trustees have responsibility to establish, amend, and review compliance with, the operating procedures, consultative arrangements and due process for the IASB, the Interpretations Committee and the Advisory Council.

The Due Process Oversight Committee (DPOC) is a Trustee committee established in 2006 to be responsible for:

  • approving due process and overseeing the IASB’s compliance with due process, including benchmarking the IASB's due process against other organisations to ensure 'best practice'
  • reviewing the Trustees’ fulfilment of their oversight function in accordance with the IFRS Foundation Constitution.

The DPOC meets regularly with the IASB and periodically with the IFRS Advisory Council and the IFRS Interpretations Committee to help ensure effective due process.

Related news

  • Summary of the April 2013 DPOC meeting

  • Apr 23, 2013

  • The IASB has posted a summary of the 10 April 2013 Due Process Oversight Committee (DPOC) meeting that was held in London during the Trustees’ meeting.

  • Trustees publish revised IFRS Due Process Handbook

  • Feb 18, 2013

  • The Trustees of the IFRS Foundation have published a revised version of their IFRS Foundation Due Process Handbook. The Handbook describes the steps followed by the IASB and the Interpretations Committee in developing or revising International Financial Reporting Standards (IFRSs) and Interpretations.

  • EFRAG draft comment letter on the proposed IFRS Foundation Due Process Handbook

  • Jul 19, 2012

  • The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the proposed IFRS Foundation Due Process Handbook that was published for public comment in May 2012. EFRAG emphasises that the overarching principle of bringing improvement to financial reporting at an acceptable cost should be the sole driver for new or changed standards and interpretations.

  • Due process oversight

  • May 31, 2011

  • The IASB has uploaded to its site an article on the due process, which defines how the IASB goes about its work and discharges its responsibilities to act in the public interest at all times.

  • Conclusions of the July 2010 meeting of the IFRS Foundation Trustees

  • Aug 06, 2010

  • The Trustees of the IFRS Foundation, the body responsible for the promotion of International Financial Reporting Standards (IFRSs) and oversight of the International Accounting Standards Board (IASB), today announced the conclusions of their meeting in Washington, DC on 6 and 7 July 2010.

All Related