Liabilities (IAS 37)

Date recorded:

European standard-setter representatives raised the IAS 37 project as continuing to be on concern, particularly the removal of the probability threshold and measurement at expected value. EFRAG suggested that the IASB's best course of action could be to 're-start' the project, not necessarily from the beginning, but as a platform from which to describe and discuss the shortcomings of the current Standard and why the Board's proposals would address those in the best way.

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