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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:
- Identification of issues
- Setting the agenda
- IFRS Interpretations Committee meetings and voting
- Development of a draft Interpretation
- The IASB's role in the issue of an Interpretation
- Comment period and deliberation
- The IASB's role in an Interpretation
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