.png?sfvrsn=dd675fd5_2)
6a6c7fe2013f4be3b0ecc0a5930da5c9.jpg?sfvrsn=ab5334c8_0)
/business-management-global-connection/istock-1167579720-c.jpg?sfvrsn=ff93f9a5_2)
/audit-assurance/istock-1169206203-c.jpg?sfvrsn=1d6f9b25_6)
/ethics-and-professionalism/istock-1141115724-c.jpg?sfvrsn=4e54d691_2)
/audit-assurance/istock-818732836-c-v3.jpg?sfvrsn=ae44e7b7_0)
.png?sfvrsn=905ee1bd_0)
/legal-secretarial/istock-866706340-c.jpg?sfvrsn=d7f57b8c_2)
International Accounting Standards Board (IASB) technical staff explain proposed targeted amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets that aim to clarify:
- when to recognise a provision;
- which discount rate to use for measuring a long-term provision; and
- which costs to include in the measurement of a provision.
These improvements would make the Standard easier to understand and apply. They will also provide users of financial statements with better, earlier information about a company's provisions.
Read more