We comment on the IASB's proposed amendments to IAS 37
15 Apr, 2019
We have responded to the IASB's exposure draft ED/2018/2 'Cost of Fulfilling a Contract (Proposed amendments to IAS 37)' that was published in December 2018.
We support the decision of the Board to limit the proposed amendments to the addition of a definition of what constitutes cost of fulfilling a contract when assessing whether a contract is onerous and we agree that defining the cost of fulfilling a contract as those costs that relate directly to the contract provides the most relevant information.
Please download the full comment letter here.