The proposed new IFRS would:

• align of the requirements for recording costs of restructuring activities with those in US GAAP
• align the criteria for recording liabilities with the criteria in other IFRSs
• provide more specific requirements on measuring the liabilities within its scope

In June 2005, the Board published an exposure draft of the proposed amendments to IAS 37, and in 2006 it held round-table meetings with constituents to discuss their views on the proposals.The Board has tentatively decided to change some of the proposals in the light of comments received. In particular, the Board has decided to provide more guidance on applying the proposed measurement requirements. In January 2010 it published a second exposure draft, setting out the proposed new measurement guidance.To enable interested parties to see the proposed measurement guidance in the context of the proposed new IFRS as a whole, the Board has prepared a working draft of the entire IFRS. The IASB staff have also prepared a staff paper which explains:

• how the criteria for recording liabilities proposed in the working draft IFRS differ from those in the existing IAS 37
• how the new criteria would apply to liabilities arising from lawsuits, and
• why the IASB is changing the criteria