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Due Process Oversight Committee holds January 2017 meeting

  • DPOC meeting (mid blue) Image

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.

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