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Trustees will vote today on constitutional changes

  • IASC Foundation (blue) Image

05 Mar 2002

The Trustees of the IASC Foundation will consider proposed Changes to the IASC Constitution at their meeting in London today.

The constitutional changes include:
  • Changing the committee's name to International Financial Reporting Interpretations Committee (IFRIC).
  • Broadening the committee's mandate so it can address issues not specifically covered in an existing IFRS.
  • Creating the position of a non-voting chair of IFRIC, that position to be filled by one of the members of the IASB, the Director of Technical Activities, or a member of the IASB's senior technical staff. (IASB has indicated that it will appoint Kevin Stevenson, Director of Technical Activities, as chair of IFRIC.)

Correction list for hyphenation

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