Trustees publish revised version of the IFRS Foundation Due Process Handbook

 18 February 2013

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have today published an updated version of the IFRS Foundation Due Process Handbook (‘the Handbook´).

The Handbook describes the steps followed by the IASB and the Interpretations Committee in developing or revising International Financial Reporting Standards (IFRSs) and Interpretations, required or permitted for use by companies in more than 100 countries.  Although previous revisions have been made to the handbook, the document published today represents the results of the first major review that has been undertaken since 2006.

The revised Handbook fully incorporates the necessary due process enhancements recommended by the 2012 Monitoring Board Governance Review and Trustees´ Strategy Review, as well as recommendations from the Trustees´ Review of the Efficiency and Effectiveness of the IFRS Interpretations Committee.

The revised Handbook:

Commenting on the publication of the report, Scott Evans, Chairman of the DPOC, said:

"This is a major revision to a document that describes the steps the IASB and the Interpretations Committee must follow when developing new IFRSs or interpretations.  It represents the culmination of almost two years of work to further improve what is already a highly transparent and robust due process."

As well as the Handbook, the Trustees have also published a Feedback Statement which summarises the consultation that has taken place, the main views expressed by respondents and how the Foundation has reacted to those responses.

The Handbook and Feedback Statement are available to download from the ‘DPOC´ section of the IFRS Foundation website at, together with Due Process Protocol tables. The Due Process Protocol is not an integral part of the Handbook, but a reporting tool for the staff to ensure both that all due process steps have been completed and to document compliance with those steps.


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Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
Telephone: +44 (0)20 7246 6472

Chris Welsh, Communications Manager, IFRS Foundation
Telephone: +44 (0)20 7246 6495