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The IASB is developing proposals to clarify in IAS 37 Provisions, Contingent Liabilities and Contingent Assets:

  • when an entity recognises provisions for obligations it could avoid through its future actions;
  • whether rates used to discount provisions reflect non-performance risk; and
  • which costs to include in the measure of a provision.

IASB® Update December 2023

The IASB met on 13 December 2023 to discuss its project to make targeted amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets.

The IASB decided:

  1. to continue developing proposed amendments; and
  2. to set the publication of an exposure draft as the next project milestone.

All 14 IASB members agreed with this decision.

Next milestone

Exposure Draft