Release of a draft Interpretation
IASB members have access to all IFRS Interpretations Committee agenda papers. They are expected to comment on technical matters as the issues are being considered, particularly if they have concerns about alternatives that the Interpretations Committee is considering.
IASB members are informed when the Interpretations Committee reaches a consensus on a draft Interpretation. The draft Interpretation is released for public comment unless four or more IASB members object within a week of being informed of its completion.
If a draft Interpretation is not released because of IASB members� objections, the issue will be considered at the next IASB meeting.
On the basis of discussion at the meeting, the IASB will decide whether the draft Interpretation should be published or whether the matter should be referred back to the Interpretations Committee, added to the IASB's own agenda or not be the subject of any further action.