Exposure Draft and Comment Letters
On 5 January 2010 the International Accounting Standards Board (IASB) published for public comment an exposure draft of one section of a replacement for IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The section contains revised proposals for measuring liabilities within the scope of IAS 37.
IAS 37 applies to liabilities not covered by other accounting standards, such as liabilities to decommission assets and liabilities arising from legal disputes. The IASB previously published proposals to amend IAS 37, including revised measurement requirements. In the light of the comments received the IASB identified a need to develop more guidance on one part of those proposals: the measurement of these liabilities. The proposals published seek public comment on that draft guidance.
Comment Letter deadline
The exposure draft is open for comment until 12 April 2010.
How to submit a Comment Letter
- Go to the Comment Letters page
- Click Submit Comment Letter button.
- Log on using your subscription to eIFRS. If you do not have a subscription, and have not previously registered, you will be required to register. Registration is free and only takes 5 minutes.
- Click Continue button.
- Locate your Comment Letter on your computer using the Browse button and click Upload button when done.
- Click Continue button.