The International Accounting Standards Board (Board) and the IFRS Interpretations Committee (Interpretations Committee) carry out a number of activities to support the understanding and consistent application of IFRS Standards.
Supporting materials include:
Agenda decisions are published when the Interpretations Committee decides that a standard-setting project should not be added to the work plan. In many cases, agenda decisions include explanatory material that explains how the applicable principles and requirements in IFRS Standards apply to the transaction or fact pattern described in the agenda decision. Explanatory material derives its authority from the Standards themselves (that material cannot add or change requirements in IFRS Standards). Accordingly, an entity is required to apply the applicable IFRS Standard(s), reflecting the explanatory material in an agenda decision (subject to it having sufficient time to implement that accounting). Agenda decisions can be found linked to applicable Standards in the tabs above.
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