IASB/IASC – history of voting requirements for standards

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07 Mar 2012

A history of the voting requirements of the International Accounting Standards Board (IASB) and predecessor International Accounting Standards Committee (IASC) to approve final standards.

DatesNumber of
board members
Votes needed for
an IAS/IFRS
International Accounting Standards Committee
June 1973 - June 1978 9 7
July 1978 - December 1982 11 9
January 1983 - December 1983 12 9
January 1984 - December 1985 13 10
January 1986 - June 1995 14 11
July 1995 - December 1995 15 12
January 1996 - March 2001 16 12
International Accounting Standards Board
April 2001 - June 2005 14 8
July 2005 - January 2009 14 9
February 2009 - 16 10*

* 9 if fewer than 16 Board members are sitting

 

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