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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 October 2022

The IASB is considering developing proposals to specify in IAS 37 whether the rate an entity uses to discount a provision should reflect non-performance risk—that is, the risk that the entity will not fulfil its obligation.

The IASB discussed (a) findings on the topic to date; and (b) a preliminary analysis of factors that could affect its decision.

The IASB was not asked to make any decisions.

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Decide Project Direction