IASB Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37
The International Accounting Standards Board (IASB) has issued Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37 with the following objectives: To align the criteria in IAS 37 for recognising a liability with those in other IFRSs. To eliminate some differences between IAS 37 and US generally accepted accounting principles (GAAP)in particular, differences in the time at which entities recognise costs of restructuring their businesses. To clarify the measurement of liabilities in IAS 37.
Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than March 21, 2010. Comments can also be sent by e-mail at firstname.lastname@example.org or email@example.com.