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The International Accounting Standards Board (IASB) reviewed the project’s prospects for progress and concluded that efficient progress is possible. Therefore, the IASB decided to keep the project on its work plan.

IASB® Update February 2022

The IASB’s work plan includes a project to make targeted improvements to IAS 37 Provisions, Contingent Liabilities and Contingent Assets. 

The IASB reviewed the project’s prospects for progress and concluded that efficient progress is possible. Therefore, the IASB decided to keep the project on its work plan. 

Eleven of 12 IASB members agreed with these decisions. 

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