Friday 24 May 2013
Required
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
Members of the IASB discuss with DPOC progress on major projects, in relation to the due process being conducted DPOC reviews comments from interested parties on IASB due process as appropriate
The Board meetings leading to the issue of this Exposure Draft were held in public between November 2011 and July 2012. All decisions were made during those sessions. The meeting papers were posted in a timely fashion. The website contained relevant historical information and up-to-date summaries of the decisions reached at the meetings.
Discussions with the Advisory Council on topic COPY 3 TEXT
DPOC meets with the Advisory Council to understand perspectives of stakeholders on due process of IASB Advisory Council chair invited to Trustees’ meetings and meetings of DPOC
At the February 2012 Advisory Council meeting, this project was discussed in the session on the financial instruments projects.
Publication of effect analysis
IASB reviews with DPOC results of effect analysis and how it has considered such findings in proposed IFRS IASB provides a copy of the effect analysis to the DPOC at the point of standard’s publication
The staff has analysed the likely effects of the proposed amendments and provided a copy of this analysis to the DPOC when the Exposure Draft is published.
Optional
Number of consultative group meetings, and evidence of substantive involvement in issues Consultative group review of draft Exposure Draft
DPOC receives report of consultative group activity from IASB
The use of a consultative group was not considered necessary in developing these proposals. The proposed amendments respond to practice issues that the IASB has become aware of as a result of its outreach activities. The Board is proposing limited amendments to an existing IFRS, and constituents had an opportunity to comment on these proposals.
IASB describes approach taken on fieldwork IASB explains why it does not believe fieldwork is warranted, if that is the preferred path Number of field tests
If fieldwork is deemed by the IASB as not required, DPOC to review and discuss the explanation with IASB DPOC receives a report on fieldwork activities and how findings have been taken into consideration by IASB
The Board did not consider it necessary for separate fieldwork to be performed on the proposed amendments. The Board is proposing limited amendments to an existing IFRS, and constituents had an opportunity to comment on these proposals.
Number of meetings held and venues documented Evidence of specific targeted efforts for investors
DPOC receives a report on outreach activities and reviews, with the IASB, the outreach plan for the ED and its approach to the optional steps to ensure extensive outreach and public consultation
The Board conducted focused outreach to gather information needed to develop the proposed amendments. The Board will undertake more extensive outreach during the comment period and redeliberations on the Exposure Draft to consider the views of various constituent groups and jurisdictions.
CNumber of and participation in webcasts
DPOC receives a report on outreach activities
The staff presented webcasts of these proposed amendments on 30 and 31 July. These webcasts and the slides are available for playback/download on the website.
Number of discussions held
This project was discussed with the Capital Markets Advisory Committee and the Global Preparers’ Forum. The agenda papers discussed at the meeting and an audio recording of the session are available on the IASB website for download and playback.
Number and results of surveys
An online survey was not considered necessary in order to develop these proposals.
Schedule of meetings held in these forums
Regional discussion forums were not considered necessary in order to develop these proposals.
Number of meetings held
Round-table meetings were not considered necessary in order to develop these proposals.
Translations team included in review process
DPOC receives summary report on due process steps followed before an Exposure Draft is issued
The translations team reviewed drafts of these proposals before they were published.
XBRL team included in review process
The XBRL team reviewed drafts of these proposals before they were published.
External reviewers used to review drafts and comments collected and considered by the IASB
DPOC receives summary report on due process steps followed before an Exposure Draft is issued, including the extent to which external reviewers have been used in the drafting process
Drafts of the proposed amendments were sent to external reviewers. Their comments were collected and considered in the drafting process.
Review draft made available to members of IFASS and comments collected and considered by the IASB
Drafts of the proposed amendments will be sent to members of IFASS. Their comments were collected and considered in the drafting process.
Review draft posted on project website
A review draft of these proposals was not considered necessary. The Board is proposing limited amendments to an existing IFRS and constituents had the opportunity to comment on the proposals when they are published.
Summary of all due process steps discussed by the Board before an IFRS is issued
This paper provides an analysis for a Board discussion on the due process steps undertaken in this project.
IASB sets comment period for response Any period outside the normal comment period requires explanation from IASB to DPOC, and subsequent approval
DPOC receives notice of any change in comment period length and approval if required
In Agenda Paper 6E from this meeting, the staff recommend a standard comment period of 120 days.
Press release published Media coverage
DPOC informed of the release of the Exposure Draft
A press release was when these proposals were published.
Snapshot posted on IFRS Foundation website
DPOC receives a report on outreach activities Snapshot sent to DPOC members
A snapshot was issued when these proposals were published.
Exposure Draft posted on IFRS Foundation website
The Exposure Draft was posted on the website.