Comment period and redeliberations
Draft Interpretations are made available for public comment for not less than 60 days. All comments received during the comment period are considered by the IFRS Interpretations Committee before an Interpretation is finalised.
Comment letters are made publicly available unless confidentiality is requested by the commentator (supported by a good reason such as commercial confidence). A staff summary and analysis of the comment letters is provided to the Interpretations Committee.
The Interpretations Committee reconsiders the conclusions in the draft Interpretation based on the comments received and detailed staff analysis.
If the proposed Interpretation is changed significantly, the Interpretations Committee will consider whether it should be re-exposed.
Re-exposure is not required automatically and will depend on the significance of the changes contemplated, whether they were raised in the Basis for Conclusions on the draft Interpretation or in questions posed by the Interpretations Committee, their significance for practice and what might be learned by the Interpretations Committee from re-exposure.
The Interpretations Committee votes to confirm the consensus set out in the final Interpretation. A consensus is achieved when no more than four members have voted against the proposal.