IASB/IASC – history of voting requirements for standards
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.
Dates | Number 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