Last November, the IASB has published a consultation on some narrow amendments to IAS 37 – Provisions, Contingent Liabilities and Contingent Assets. The Exposure Draft published by the IASB is available at the following link: https://www.ifrs.org/projects/work-plan/provisions/#published-documents

The IASB’s proposals are aimed at:

• clarifying some requirements on the recognition and measurement of provisions; and
• modifying the recognition of some liabilities. The proposed amendments modify the accounting for provisions for costs, often levies, which must be paid when two or more actions have been taken. The liabilities relating to some of these costs will be recognized earlier and progressively.

In order to assess the impact of the IASB’s proposals, please submit your feedback by 10 February 2025.

Below the link to participate in the survey:

Survey – Provisions