The purpose of the IFRS Interpretations Committee is to:

Consider accounting issues that are likely to receive unintended or unacceptable treatment in the absence of any other form of guidance

Ensure accurate translation from English into the other principal languages utilised by the IASB

Provide initial technical advice and service for companies wishing to adopt International Accounting Standards

Provide a compliance function to ensure the timely and accurate adoption of new International Accounting Standards by companies with listed securities