Report from February 2015 DPOC meeting

  • DPOC meeting (mid blue) Image

11 Feb, 2015

The IFRS Foundation has released a report summarising the Due Process Oversight Committee (DPOC) meeting held in Zurich, Switzerland on 3 February 2015.

Topics discussed at the meeting included the following:

Updates on technical activities

Comprehensive review of the IFRS for SMEs: due process ‘lifecycle’ review

The DPOC analysed the due process steps completed in the IASB’s review of the IFRS for SMEs and confirmed that all steps have been completed.

Reporting on projects

The DPOC agreed with the proposals set by the IASB to improve its public disclosure of the rationale used to reach its tentative decisions and conclusions.

Consultative group and DPOC engagement

The DPOC was provided with a schedule of future consultative group meetings and ask which group meetings should be prioritised for observation.


The DPOC considered suggestions to improve the due process steps when completing a final standard or amendment. However, it agreed to retain the current model provided in the Due Process Handbook.

The full summary of con­clu­sions of the DPOC meeting is avail­able on the IASB's Web site.

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