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Summary of the January 2013 DPOC meeting

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Feb 08, 2013

The IASB has posted a summary of the January 2013 Due Process Oversight Committee (DPOC) meeting.

Topics discussed during the DPOC meeting include:

    1. Revisions of the Due Process Handbook — Considerations were made for the proposed revised version of the Due Process Handbook (DPH), a feedback statement on the results of the consultation on the draft of the DPH that had been issued for comment, and proposed revised Due Process Protocol (DPP) tables for publication on the Web site.
    2. IFRS Education Initiative: due process issues — An update on the planned due process that the Education Initiative staff intended to follow for each of the education products scheduled for 2013.
    3. Update on technical activities — Discussions were held on the current state of impairment, hedge accounting, insurance, and revenue recognition projects.
    4. Web site project pages and DPOC web pages
    5. Small- and Medium-sized Entities Implementation Group — Approval of the proposed changes to the terminology used in the Terms of Reference and Operating Procedures for the SME Implementation Group. The DPOC also supported the nomination of Darrel Scott as the new chair of the SMEIG, replacing the retiring Paul Pacter.
    6. Review of correspondence.
    7. Any other business.

The DPOC is responsible for approving due process and overseeing the IASB’s compliance with due process, and reviewing the Trustees’ fulfilment of their oversight function in accordance with the Constitution of the IFRS Foundation.

A summary of the meeting is available on the IASB's Web site.

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