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Wednesday 23 May 2012

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Interpretations process

How we develop Interpretations (IFRICs)

 

IFRIC Interpretations are developed in accordance with a due process of consultation and debate, including making draft Interpretations available for public comment.

The IFRS Interpretations Committee due process comprises seven stages:

  1. Identification of issues
  2. Setting the agenda
  3. IFRS Interpretations Committee meetings and voting
  4. Development of a draft Interpretation
  5. The IASB's role in the issue of an Interpretation
  6. Comment period and deliberation
  7. The IASB's role in an Interpretation

Related information

     
  • Due Process Handbook IFRS Interpretations Committee, describes the consultative arrangements in full.[Updated December 2010]
    Download now [PDF]
  • In December 2007, constitutional changes were announced, enlarging the Interpretations Committee (then called the IFRIC) from 12-14 members and amending the quorum and voting requirements.
    Download the extract [PDF]
 

 

Contact us

     
  • For general queries regarding the IASB:
    email: info@ifrs.org
    Telephone: 44 (0)20 7246 6410