| About IFRIC |
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The International Financial Reporting Interpretations Committee interprets the application of International Financial Reporting Standards (IFRSs) and provides timely guidance on financial reporting issues not specifically addressed in IFRSs or IASs, in the context of the IASB's framework, and undertakes other tasks at the request of the Board. IFRIC publishes draft Interpretations for public comment and considers comments made before finalising an Interpretation. When the IFRIC has reached a consensus on a final Interpretation, the Interpretation is submitted to the IASB Board for approval.
At their meeting in January 2010, the IASCF Trustees voted to rename the IFRIC to the IFRS Imterpretations Committee. The Trustees announced that the name change will be implemented as soon as practicable. IAS Plus will continue to use the old name until the change is formally implemented.
The IFRIC has 14 members appointed by the Trustees for terms of three years. IFRIC members are not salaried but their expenses are reimbursed. IFRIC meets approximately every other month at meetings that are open to public observation and are webcast. Approval of Draft or final Interpretations requires that not more than four voting members vote against the draft or final Interpretation. IFRIC is chaired by a non-voting chair.
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| List of IFRIC Members |
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Voting Members
- Luca Cencioni
Senior Accounting, Eni S.p.A., Italy
Term expires 30 June 2011
- Guido Fladt
Partner, PricewaterhouseCoopers, Germany
Term expires 30 June 2010
- Bernd Hacker
Head of Standard Setter Liaison and Financial Instruments Accounting Policies, Siemens, Germany
Term expires 30 June 2010
- Sara York Kenny
Principal Accounting Adviser, International Finance Corporation, World Bank Group
Term expires 30 June 2012
- Jean-Louis Lebrun
Partner, Mazars, France
Term expires 30 June 2011
- Takatsugu Ochi
Assistant General Manager, Financial Resources Management Group, Sumitomo Corporation, Japan
Term expires 30 June 2012
- Jean Pare
Vice President, Financial Reporting at Bombardier Inc., Canada
Term expires 30 June 2011
- Joanna Perry
Company Director and Current Chair of the Financial Reporting Standards Board, New Zealand
Term expires 30 June 2011
- Ruth Picker
Partner and Global Director, Global IFRS Services, Ernst & Young, Australia
Term expires 30 June 2012
- Laurence Rivat
Partner and Leader of Deloitte's IFRS Centre of Excellence in Paris and member of the Deloitte IFRS Leadership Team, France
Term expires 30 June 2012
- Darrel Scott
Head of Group Finance, FirstRand Banking Group, South Africa
Term expires 30 June 2010
- Margaret M. (Peggy) Smyth
Vice President, Controller, United Technologies Corp., United States
Term expires 30 June 2011
- Scott Taub
Managing Director, Financial Reporting Advisors, LLC, United States, and former Acting Chief Accountant and Deputy Chief Accountant, US Securities and Exchange Commission, United States
Term expires 30 June 2011
- Andrew Vials
Partner, KPMG LLP, United Kingdom
Term expires 30 June 2010
Non-Voting Chairman
- Robert Garnett
Member, International Accounting Standards Board
Official Observers
- European Commission
- International Organization of Securities Commissions
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