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.
The IASB met on 26 July 2023 to discuss possible amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets. These amendments relate to:
Discount rates—Stakeholder feedback (Agenda Paper 22A)
The IASB discussed stakeholder feedback on discount rates for provisions within the scope of IAS 37—specifically, on whether to include non-performance risk in the risks reflected in the rates.
IASB members provided views on which of four possible approaches to amending IAS 37 they would like to pursue further in response to the stakeholder feedback.
The IASB was not asked to make any decisions.
Costs to include in measuring a provision (Agenda Paper 22B)
The IASB tentatively decided to specify that:
All 14 IASB members agreed with this decision.