Wednesday 23 April 2014
Meetings held to discuss topic
Project website contains a full description with up-to-date information on the project
Meeting papers posted in a timely fashion
The issues were discussed and approved for inclusion in the 2011-2013 cycle of the Annual Improvements process by the IASB in its meetings in February, April, June and September 2012
Project webpage was updated by the staff after every Interpretations Committee or IASB meeting in which issues proposed for inclusion in Annual Improvements were discussed
Agenda papers posted on the website before every Interpretations Committee or IASB meeting
Translations team included in review process
Translations team has reviewed the draft Exposure Draft
XBRL team included in review process
XBRL team has reviewed the draft Exposure Draft
Interpretations Committee sets comment period for response
Any period outside the normal comment period requires an explanation from the IASB to DPOC, and subsequent approval
In this paper we are recommending that the IASB should allow a period of 120 days for comment on the Exposure Draft. The IASB proposed a longer comment period to allow more time for those affected to assess the extent of the impact of the proposed amendment and to undertake outreach to them.
All the papers presented to the IASB included an assessment of the proposed amendments against the Annual Improvements criteria.
Summary of all due process steps discussed by the Interpretations Committee before an IFRS is issued
The Exposure Draft will be posted on the IFRS website when published.
© IFRS Foundation.