IFRS Foundation consults on amendments to Due Process Handbook

Released 30 April 2019

The trustees of the IFRS Foundation is inviting comment from stakeholders on proposed amendments to its Due Process Handbook, which is has made to ensure that it reflects the current activities of the Board and the interpretations committee.

The press release states that the 'main proposed changes are to:

update the procedure relating to the use of effects analysis – assessing the likely effects of a new or amended IFRS Standard – to ensure that they are consistent with current activities and make it clear that such analyses take place at all stages of the standard setting process; and

clarify the role and status of agenda decisions published by the Interpretations Committee and amend the Handbook to make agenda decisions a tool for the board.’

The board requests comments by 29 July 2019. The amendments are available online from the International Accounting Standards section of Croner-i Tax and Accounting.

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