IASB Exposure Draft on Measurement of Liabilities in IAS 3

IASB Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37 - (14-01-2010)

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.

Invitation to comments

ASB invites comments on the said Draft from the public. The downloadable version of the draft is available at https://www.iasb.org/NR/rdonlyres/6FF9E7E5-2129-451B-B591-5A8911AF8BB5/0/EDIAS37Liabilities0110.pdf. Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.

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 asb @ icai.org or edcommentsasb @ icai.org.