Draft Comment Letter: Exposure Draft — Provisions – Targeted Improvements

The UKEB today issued a Draft Comment Letter (DCL) for public consultation in response to the IASB’s Exposure Draft Provisions – Targeted Improvements.

The UKEB is supportive of the IASB’s efforts to clarify the requirements in IAS 37 Provisions, Contingent Liabilities and Contingent Assets, but is concerned that the proposals may create interpretation issues. Stakeholder views on the IASB’s proposals and the UKEB DCL are welcome.

Stakeholders are invited to provide feedback either by answering the questions in the Invitation to Comment form or by email to UKEndorsementBoard@endorsement-board.uk. Comments are welcome until close of business on 10 February 2025.

For further detail on this project and the Exposure Draft, see the UKEB project page and the IASB website.