If someone had asked me this question, my quick response would have been 19. (Well, it might have been something more nuanced like, “I think around 18 or so.”)  But a recent post by Tom Selling on the Accounting Onion points out how in many of the IFRIC’s decisions not to provide an interpretation (i.e., put something on their agenda), the IFRIC makes statements that effectively interpret existing accounting standards. In all, Tom counts 200+ situations in which the IFRIC decided not to add something to its agenda, and these decisions are actually compiled, published, and even updated as references are changed. Not having looked at these 200+ references myself, I am still (happily) reminded that when I’m teaching GAAP of any kind, I have to remember how many ways standards get set by stealth. Enjoy Tom’s post!