Post-implementation review framework

Date recorded:

The IASB discussed developing a framework for conducting post-implementation reviews as required as part of the Due Process Handbook for the International Accounting Standards Board (the "Handbook"). The Handbook establishes that post-implementation reviews will normally be carried out two years after the new requirements have been implemented.

The Board agreed that as part of developing a framework for post-implementation reviews, the IASB staff will seek views from the IFRS Advisory Council, the IFRS Interpretations Committee and the group of National Standard-Setters. The staff will be conducting this outreach during February and March 2011 and plans to bring a draft framework for discussion by the Board during the April 2011 Board meetings.


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