Portal de Periódicos da CAPES

An Anatomy of an IFRIC Interpretation

2007; Routledge; Volume: 4; Issue: 2 Linguagem: Inglês

10.1080/17449480701727890

1744-9499

Michael E. Bradbury,

Accounting Theory and Financial Reporting

Abstract This article provides an anatomy of an International Financial Reporting Interpretation Committee (IFRIC) Interpretation. That is, it describes the IFRIC's current operating procedures. It also describes the IFRIC's outputs from its inception in March 2002 to March 2007. During this period the IFRIC produced 14 Final Interpretations, 20 Draft interpretations and 120 "rejection notices" (i.e., issues that were considered by IFRIC but not included on the agenda). Reasons for the agenda rejections are summarized in the paper.