Global Standards for the world economy

Monday 01 March 2021

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Interpretations process

IFRS Interpretations Committee meetings and voting


The Interpretations Committee meets in public and follows procedures similar to the IASB’s general policy for its IASB meetings. At such meetings the Interpretations Committee debates both matters that are already on its agenda and items proposed to be added to its agenda.

Interpretations Committee members and appointed observers are expected to attend meetings in person.

However, meetings may be held using teleconference, videoconference or any other communication facilities that permit simultaneous communication among all members and appointed observers, and allow public observers to hear all participants.


The Interpretations Committee meets in public and follows procedures that are similar to the IASB’s general policy for its IASB meetings.

To constitute a quorum for the Interpretations Committee there must be 10 voting members present in person or by telecommunications.

Each Interpretations Committee voting member has one vote. Members vote in accordance with their own independent views, not as representatives of any firm, organisation or constituency with which they may be associated. Proxy voting by members of the Interpretations Committee is not permitted.

The Interpretations Committee may conduct business electronically or by mail between meetings, for example, to confirm drafting of a proposed draft or final Interpretation or for the IASB staff to obtain information on a proposed topic so that it can be developed appropriately for public discussion.

All technical decisions, however, are made in meetings that are open for public observation.

The Interpretations Committee reaches its conclusions on the basis of information contained in Agenda Papers prepared by IASB staff.

The paper describes the issue that is to be discussed and provides the information necessary for Interpretations Committee members to develop an understanding of the issue and make decisions about it.

An Agenda Paper is developed for the Interpretations Committee's consideration after a thorough review of the authoritative accounting literature and possible alternatives, including consultation when appropriate with national standard-setters and securities regulators.