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Due Process Oversight Committee holds October 2016 meeting

  • DPOC meeting (mid blue) Image

14 Nov 2016

The Due Process Oversight Committee (DPOC) met in New Delhi on 13 October 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) outreach conducted on performance reporting and debt/equity presentation for the conceptual framework project and (2) the decision on an issue regarding the interaction of IAS 28 and IFRS 9.
  • 2015 Agenda Consultation: summary of the consultation process — The DPOC confirmed that the requirements of the Due Process Handbook have been meet.
  • Effect Analysis — The DPOC discussed the challenges of assessing insurance products and macroeconomic consequences of applying the expected loss model under IFRS 9.
  • Strategic Work Plan 2016 — The DPOC discuss benchmarking of its due process procedure against other organisations.
  • Consultative groups — The DPOC agreed that the annual review of consultative groups was in accordance with the Due Process Handbook.
  • Reporting protocol — The DPOC discussed the annual review and the handling of comment letters.
  • IFRS education initiative due process report — The DPOC agreed that the development and level of review for the IFRS education initiative was consistent with the Due Process Handbook.
  • 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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