IAS Plus Update — IASB refines proposals for the measurement of liabilities in IAS 37

Published on: 22 Jan 2010

In 2005, the International Accounting Standards Board (IASB) published an exposure draft (the ‘2005 ED’) of the International Financial Reporting Standard (IFRS) to replace IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

Following consideration of the responses received to the 2005 ED, on 5 January 2010 the IASB published ED/2010/1 Measurement of Liabilities in IAS 37 (Limited re-exposure of proposed amendment to IAS 37) (the ‘2010 ED’). The 2010 ED deals with only one section of the proposed replacement Standard and addresses the measurement requirements for liabilities that are within the scope of IAS 37.


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