Trustees will vote today on constitutional changes

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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.)

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