Due Process Oversight Committee holds January 2016 meeting

  • DPOC meeting (mid blue) Image

05 Feb, 2016

The Due Process Oversight Committee (DPOC) met in London on 26 January 2016.

Meeting ac­tiv­i­ties included the following:

  • Updates on technical ac­tiv­i­ties — The DPOC was presented with a report that outlined the due process ac­tiv­i­ties for all projects on the IASB’s current agenda. Specifically, the DPOC discussed (1) revenue recognition and the plan not to schedule additional TRG meeting, (2) agenda consultation, and (3) other projects on the disclosure initiative and dynamic risk management.
  • Insurance contracts — The DPOC was updated on the progress made to this project and reviewed papers that will be presented in February’s IASB meeting.
  • Leases: Quality control — The DPOC was presented with the process from giving permission to ballot the leases standard to finalizing it.
  • Review of Con­sul­ta­tive group — The DPOC reviewed the activities of various con­sul­ta­tive groups (e.g., the TRG, the ITG, and the ITCG).
  • Cor­re­spon­dence — No new cor­re­spon­dence has been received since the DPOC’s previous meeting.

The full report on the DPOC meeting is available on the IASB’s website.

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