The Board is developing proposals for three targeted improvements to IAS 37 Provisions, Contingent Liabilities and Contingent Assets. These would involve:
The Board met on 30 January 2020 to decide whether to add to its work plan a project to amend aspects of IAS 37 Provisions, Contingent Liabilities and Contingent Assets, and, if so, what the scope of the project should be.
All 14 Board members confirmed they were satisfied that the Board had sufficient information to to make a decision.
The Board decided to add to its work plan a project to:
All 14 Board members agreed with this decision.
The Board decided not to include any other matters in the scope of the project.
Eleven of 14 Board members agreed and three Board members disagreed with this decision.