IFRIC's normal procedure is:
- Agenda Committee makes recommendation that an item not be added to the IFRIC's agenda, and recommends the wording for IFRIC's public explanation.
- IFRIC discusses the Agenda Committee recommendation and, if it agrees, it publishes the proposed explanation in the IFRIC Update newsletter. The newsletter indicates that if constituents disagree, they should email the IFRIC.
- At a subsequent meeting, the IFRIC decides not to add the item to its agenda and agrees on the final wording for its explanation. IFRIC's final decision and explanation are published in IFRIC Update.
We have created a new IASPlus web page with a comprehensive
Summary of Issues Not Added to IFRIC Agenda - Sequenced by IFRS. That page lists each item not added to IFRIC's agenda (back to 2002), the date the decision not to add was made, and IFRIC's public explanation of the reasons for not adding the item to its agenda. We believe that those who are responsible for preparing IFRS financial statements will find the information on our new web page useful. We will keep the page up to date after each IFRIC meeting.