Propose an agenda item
Any individual or organisation may put forward suggestions of potential agenda items for consideration by the IFRS Interpretations Committee.
Anyone doing so is asked to submit a brief proposal, which will be presented to the Interpretations Committee without identifying the submitter.
The proposal should include the following:
- The issue. A description of the issue including, where relevant, any aspects that should be addressed separately.
- Current practice. A brief description of current or emerging accounting practices, outlining the major alternatives, and referring to the relevant IASB pronouncements.
- Reasons for the Interpretations Committee to address the issue. The issue should be evaluated using the following criteria:
- Is the issue widespread and practical?
- Does the issue involve significantly divergent interpretations (either emerging or already existing in practice)?
- Would financial reporting be improved through elimination of the diversity?
- Is the issue sufficiently narrow in scope to be capable of interpretation within the confines of IFRSs and the Framework for the Preparation and Presentation of Financial Statements, but not so narrow that it is inefficient to apply the interpretation process?
- If the issue relates to a current or planned IASB project, is there a pressing need for guidance sooner than would be expected from the IASB project? (The Interpretations Committee will not add an item to its agenda if an IASB project is expected to resolve the issue in a shorter period than the Interpretations Committee would require to complete its due process.)
- If you would like your request to be discussed at a particular Interpretations Committee meeting then please submit your request at least four weeks before that meeting. The staff need sufficient time to prepare and distribute an agenda paper in advance of the meeting.