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Saturday 29 November 2014

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 IASB Staff Paper Recognising Liabilities Arising from Lawsuits posted to IASB website


 

The proposed for recording liabilities would be different from those in IAS 37. The IASB staff have prepared a paper that explains:

  • how the proposed new criteria would apply to liabilities arising from lawsuits, and
  • why the IASB is changing the criteria.

Click here to access the paper