Interpretations process

How we develop InterpretationsHow we develop Interpretations (IFRICs)

How we develop Interpretations

Comment period and redeliberations
Development of a draft Interpretation
Propose an agenda item
Release of a draft Interpretation
IFRS Interpretations Committee meetings and voting
Setting the agenda
The IASB's role in the Issue of an Interpretation
Identification of issues

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:

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

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