The Due Process Handbook

Why It Matters

By codifying transparent, consultative processes for both IASB and ISSB, the revised handbook bolsters stakeholder trust and facilitates more consistent, high‑quality global reporting standards.

Key Takeaways

• IFRS Foundation releases revised Due Process Handbook for IASB and ISSB.
• Handbook emphasizes transparency, fair consultation, and accountability in standard‑setting.
• ISSB’s processes now formally codified within the updated handbook.
• Consultation ran late 2024–Q1 2025; feedback incorporated into revisions.
• Public can access handbook and feedback statement on IFRS website.

Summary

The International Financial Reporting Standards (IFRS) Foundation has published a revised Due Process Handbook, overseen by the Due Process Oversight Committee chaired by Steven Maijoor. The handbook governs the standard‑setting procedures of both the International Accounting Standards Board (IASB) and the newly created International Sustainability Standards Board (ISSB).\n\nKey elements highlighted are transparency, full and fair consultation, and accountability. The revision formalises the ISSB’s adherence to these principles, reflecting its establishment in 2021. A public consultation ran from late 2024 through the first quarter of 2025, and the feedback gathered was incorporated into the updated guidance.\n\nMaijoor stressed that “trust in standard‑setting is essential,” underscoring the need for stakeholders to see how decisions are made and how they can participate. The IFRS website now hosts the full handbook alongside a Feedback Statement summarising responses to the consultation.\n\nThe updated handbook aims to strengthen confidence in global reporting standards, encourage broader stakeholder engagement, and ensure that both financial and sustainability standards are developed under a consistent, accountable framework.

Original Description

Steven Maijoor, Chair of the IFRS Foundation Trustees’ Due Process Oversight Committee, provides a high-level summary of the Foundation’s Due Process Handbook. A revised version of the Handbook was published in April 2026, following public consultation.