IFRS Foundation publishes revised Due Process Handbook
IFRS Foundation publishes revised Due Process Handbook
The IFRS Foundation has published the revised Due Process Handbook, updating the framework that governs how the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB) develop and maintain Standards and support their consistent application.
The updated Handbook:
The updated Handbook:
- Reflects the establishment of the ISSB
- Incorporates stakeholder feedback received during the public consultation on updating the Handbook
- Clarifies that both boards follow the same rigorous, comprehensive and transparent standard-setting process
- Sets out the process for making amendments to the SASB Standards (required to be considered when applying the ISSB’s Standards)
- Introduces targeted improvements and clarifications, including explaining the purpose of post‑implementation reviews, the role of the IFRS Interpretations Committee, the consultation process for minor amendments to IFRS Accounting and Sustainability Standards, and the review process for educational materials.