Due Process Oversight Committee holds January 2016 meeting
05 Feb 2016
The Due Process Oversight Committee (DPOC) met in London on 26 January 2016.
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 (1) revenue recognition and the plan not to schedule additional TRG meeting, (2) agenda consultation, and (3) other projects on the disclosure initiative and dynamic risk management.
- Insurance contracts — The DPOC was updated on the progress made to this project and reviewed papers that will be presented in February’s IASB meeting.
- Leases: Quality control — The DPOC was presented with the process from giving permission to ballot the leases standard to finalizing it.
- Review of Consultative group — The DPOC reviewed the activities of various consultative groups (e.g., the TRG, the ITG, and the ITCG).
- 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.