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 15 November 2023 to discuss possible amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
The IASB tentatively decided to propose amendments to IAS 37:
Decide Project Direction
IFRS Interpretations Committee November 2023