29. July 2019

ASCG comment letter on the proposed amendments to the Due Process Handbook

Today, the ASCG has submitted its comment letter on the proposals for amending the Due Process Handbook to the IFRS foundation (we reported). Further, we have forwarded the very same comments to EFRAG, thereby answering on EFRAG’s draft comment letter.

We have some reservations with the proposals in respect of role and status of agenda decisions and of providing the Board with the tool of agenda decisions, as the degree of authority for agenda decisions and explanatory material appears unclear. However, we basically support the aim of these proposals. As regards the remainder proposals, we are supportive.