Due Process Oversight Committee holds January 2017 meeting
27 Feb, 2017
The Due Process Oversight Committee (DPOC) met in Paris on 31 January 2017.
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 the due process activities taken as part of the upcoming insurance contracts standard, which included an effects analysis and implementation activities.
- Research agenda including due process on the share-based payment project — The DPOC was presented with the IASB’s research programme, the share-based payments research project, and the basis on which projects make it to the Board’s work plan.
- Materiality practice statement — The DPOC confirmed that the requirements of the Due Process Handbook have been met.
- IFRS 9 Financial Instruments (narrow scope amendment) — The DPOC agreed to allow an exposure draft for narrow-scope amendment to IFRS 9 to proceed with a 30-day comment period.
- IFRS Taxonomy Consultative Group (ITCG): Terms of reference — The DPOC agreed to adjust the ITCG’s charter concerning ITCG member terms and approved the reappointment of the ITCG Chair and Vice-Chair.
- 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.
