Provisions - Targeted Improvements to IAS 37
- Active
- Monitoring
- Rasmus Sommer, Isabel Batista
Description
In January 2020, the IASB decided to add a standard-setting project to its work plan, with the objective of making three following targeted improvements to IAS 37:
- aligning the liability definition and requirements for identifying liabilities in IAS 37 with the Conceptual Framework for Financial Reporting;
- clarifying which costs to include in the measure of a provision; and
- specifying whether the rate at which an entity discounts a provision should reflect the entity’s own credit risk.
The IASB issued an exposure draft on 12 November 2024.
Documents
No project documents.
