Equity Method: Share of Other Net Asset Changes

Due process steps

Current stage

StepMetrics or evidenceActions/staff comments

IASB meetings held in public, with papers available for observers

All decisions are made in public session

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

Drafting quality assurance steps are adequate

Translations team included in review process

Translations team has reviewed the draft Exposure Draft.

Drafting quality assurance steps are adequate

XBRL team included in review process

XBRL team has reviewed the draft Exposure Draft

Exposure draft has appropriate comment period

Interpretations Committee sets comment period for response

Any period outside the normal comment period requires an explanation from the IASB to DPOC, and subsequent approvalAny 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 90 days for comment on the Exposure Draft. This is the standard comment period for Annual Improvements.

A check is performed to ensure that each amendment included in the package meets the Annual Improvements criteria

All the papers presented to the IASB included an assessment of the proposed amendments against the Annual Improvements criteria.

Due process steps reviewed by IASB

Summary of all due process steps discussed by the Interpretations Committee before an IFRS is issued

In this paper we are demonstrating that all the required due process steps applicable to date have been performed.

Annual Improvements published

Annual Improvements posted on Interpretations Committee website

The Exposure Draft will be posted on the IFRS website when published.