Narrow scope Amendments to IAS 37 – International Accounting Standards Board

Date recorded:

At its meeting on September 19 and 20, 2018, the International Accounting Standards Board (the Board) tentatively decided that the comment period for the proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets should be at least 120 days. All 14 Board members agreed with this decision.

All Board members confirmed they were satisfied that the Board has complied with the applicable due process requirements and that it has undertaken sufficient consultation and analysis to begin balloting the proposed amendments to IAS 37.

The Board plans to issue an exposure draft in the last quarter of 2018.

Review the IASB Update and podcast on the Board's Web site.

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