IASB Exposure Draft Provisions – Targeted Improvements – UKEB Final Comment Letter

The UKEB has published its Final Comment Letter and Feedback Statement in response to the IASB’s Exposure Draft on Provisions – Targeted Improvements. The letter highlights concerns about the proposed amendments to the recognition criteria in IAS 37 Provisions, Contingent Liabilities and Contingent Assets and recommends the IASB reconsiders its approach to improving IAS 37. In addition, the letter expresses support for the proposed amendments to the measurement requirements, subject to some suggested enhancements Thank you to all stakeholders for their contributions to the development of this letter.