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IASB staff paper on liabilities project

  • IASB (International Accounting Standards Board) (blue) Image

09 Apr 2010

The IASB staff have prepared a staff paper discussing one aspect of the working draft IFRS that would replace IAS 37 'Provisions, Contingent Liabilities and Contingent Assets'.

The paper explains:

  • How the recognition criteria in the working draft IFRS differ from those in the existing IAS 37
  • How the new criteria would apply to liabilities arising from lawsuits
  • Why the IASB is changing the criteria.

The paper is intended to help people understand the recognition criteria before they comment on the revised measurement proposals in the Exposure Draft Measurement of Liabilities in IAS 37.


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