IASB decides to continue project to replace IAS 37
15 Sep 2010
During today's meeting, the IASB decided, by a large majority, to continue to develop an IFRS to replace IAS 37 Provisions, Contingent Liabilities and Contingent Assets with an expected measurement model, but to reconsider aspects of the measurement requirements with a view to address reliability and cost-benefit concerns.
Detailed Deloitte observer notes from the meeting are available Here. More information on the project is available in our Liabilities: IAS 37 Amendments project page.