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About the Due Process Oversight Committee
The IFRS Foundation Trustees have a Due Process Oversight Committee (DPOC)—which is responsible for overseeing our standard-setting due process and maintaining the related ‘procedures manual’—the Due Process Handbook. The IFRS Foundation’s due process applies to the standard-setting work of the International Accounting Standards Board (IASB), the International Sustainability Standards Board (ISSB) and the IFRS Interpretations Committee.
In addition to standard-setting, the Due Process Handbook sets out due process requirements for the IFRS Taxonomies and the development of materials to support the consistent application of IFRS Standards.
Our due process principles of transparency, full and fair consultation and accountability also apply to the DPOC in its work to maintain the Due Process Handbook. All proposed updates to the Handbook are subject to public consultation.
The Due Process Handbook was last updated in 2020 before the ISSB was created. Since the inception of the ISSB, it has been following the same due process as the IASB, as specified in the Handbook. In December 2024, the Trustees published an Exposure Draft proposing amendments to the Due Process Handbook. The proposed amendments reflect the creation of the ISSB and enhance and clarify the Foundation's due process.
