How we develop IFRSs
International Financial Reporting Standards (IFRSs) are developed through an international consultation process, the "due process", which involves interested individuals and organisations from around the world.
The due process comprises six stages, with the Trustees having the opportunity to ensure compliance at various points throughout:
- Setting the agenda
- Planning the project
- Developing and publishing the discussion paper
- Developing and publishing the exposure draft
- Developing and publishing the standard
- After the standard is issued
Related information
- IASB Due Process Handbook[Updated 2012]
Download now [PDF] - XBRL Due Process Handbook
Download now [PDF] - IFRS Interpretations Committee Due Process Handbook [Updated 2010]
Download now [PDF] - Read our useful guide 'How We Consult'. Download now [PDF]
- Read a Japanese translation of the 'How We Consult' document, click here [PDF]
- The IFRS Foundation approved the establishment of enhanced criteria that will be used to assess whether a matter should be amended through the annual improvements process. Click here for details.
- Our guide to the IFRS Foundation and IFRSs contains brief information on how we develop standards.
Download now [PDF, 321 KB]
Contact us
- For general queries regarding the IFRS Foundation:
email: ifrs@ifrs.org
Telephone: +44 (0)20 7246 6410