When the IFRS Interpretations Committee has reached a consensus on an Interpretation, the Interpretation is put to the IASB for ratification (in a public meeting) before being issued.
Approval by the IASB requires at least nine IASB members to be in favour. The IASB votes on the Interpretation as submitted by the Interpretations Committee. If an Interpretation is not approved by the IASB, the IASB provides the Interpretations Committee with an analysis of the objections and concerns of those voting against the Interpretation
On the basis of this analysis, the IASB will decide 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.
Approved Interpretations are issued by the IASB.