IFRS Foundation Due Process Handbook Consultation 2025

​On 19 December 2024 the IFRS Foundation issued for exposure proposed amendments to the Due Process Handbook (Handbook). Comments to be received by 28 March 2025.

The amendments focus on the Handbook applying to the ISSB as well as the IASB and procedures related to PIRs. In addition a number of minor amendments are proposed.

On 26 February 2025, EFRAG issued its Draft Comment Letter ('DCL') on the proposed amendments.

On 10 April 2025, EFRAG issued its Final Comment Letter ('FCL') on the proposed amendments. In the docucument, EFRAG has recommended:

• The development of a conceptual framework dedicated to sustainability reporting;
  
• An interpretations committee for sustainability reporting is created;
• SASB standards and the SASB standards Taxonomy in the scope of the due process procedures foreseen for ISSB standard setting;
• The Post-Implementation Review process to be more forward-looking, assessing whether the Standard under review remains effective within an evolving economic environment; and
  
• Connectivity is to be considered in deididing upon new IFRS Accounting Standards or major amendments, for development of IFRS Sustainability Standards interoperability with other sustainability frameworks is to be considered.