Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
The amendments are intended to clarify when provisions are to be recognised as liabilities and how they are to be measured. On the one hand, they concern changes to the recognition criterion of the present obligation and, on the other, the costs to be taken into account when measuring a provision and the discount rate to be applied. Further mandatory information on the measurement of provisions by the accounting entity is also proposed.
The proposals are likely to be particularly relevant for companies that have high long-term obligations to dispose of assets or are subject to levies and similar public-law obligations.
At the same time as the Exposure Draft on IAS 37, the IASB has published Exposure Drafts on Implementation Guidance and the Basis for Conclusions on IAS 37.
The deadline for submitting comments is 12 March 2025.
You can download the Exposure Draft on IAS 37 here.
KPMG Express Accounting News
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