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IAS 37 Provisions – examples of constructive obligations

Date recorded:

Issue

The IFRIC considered addressing examples of when constructive obligations exist under IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

 

Decision not to add

February 2002

 

Reason

The IFRIC decided not to add this issue onto its agenda because IAS 37 provides sufficient guidance.

 

IFRIC reference: IAS 37