Due Process Oversight Committee holds April 2015 meeting
01 May 2015
The Due Process Oversight Committee (DPOC) of the IFRS Foundation trustees met in Toronto, Canada, on 14 April 2015.
Meeting activities included the following:
- Updates on technical activities — The DPOC was updated on (1) a due-process issue related to postings of papers about IASB meetings, (2) some of the IASB’s major projects, including insurance contracts, leases, the conceptual framework, macro hedging, rate-regulated activities, and the disclosure initiative, (3) research projects on the IASB’s work plan, (4) progress of the IFRS Taxonomy due process trials, and (5) other implementation and maintenance projects.
- Leases — The DPOC analyzed a report on the due-process steps in the IASB’s review of its project on leases and confirmed that all steps have been completed.
- Post-Implementation Review of IFRS 3 — The DPOC analyzed a report on the due-process steps in the IASB’s post-implementation review of IFRS 3 and confirmed that all steps have been completed.
- Education material — The DPOC reviewed the levels of peer review planned by the staff for its educational material.
- Consultative group meetings — The DPOC was provided with a schedule of future IASB consultative group meetings and asked which group meetings should be prioritized for observation.
- Correspondence — No new correspondence has been received since its previous meeting.
The full report on the DPOC meeting is available on the IASB’s website.