The trustees of the
Accounting Standards Committee (IASC) foundation will start searching for
two new members of the International Financial Reporting Interpretations
Committee (IFRIC) shortly, following amendments to the foundation’s
The oversight body of the International Accounting Standards Board (IASB) has
published amendments to the foundation’s constitution, calling for greater
diversity of practical experience among the IFRIC membership.
The constitutional changes enlarge IFRIC from 12 to 14 members and also amend
the quorum and voting requirements.
The release of the constitutional amendments follows the trustees’ approval
of proposals published for public comment in April this year.
The trustees considered the received comments at their meeting in New York
from October 30 to November 1.
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