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
