The IFRS Foundation Trustees have revised the Due Process Handbook for the IASB and ISSB's respective standard-setting activities.
Minor clarifications have been made in the Handbook on the purpose of post-implementation reviews, the role of the IFRS Interpretations Committee, the process for consulting on minor improvements, and the review process for educational materials.
Steven Maijoor, IFRS Foundation Trustee and chair of the Due Process Oversight Committee, explained: “The rigorous, inclusive and transparent due process underpins the Foundation’s development of reporting standards for capital markets globally. The Handbook explains in detail how the IASB and the ISSB develop their requirements.”
People:Steven Maijoor