News
IASB decided to extend the comment period for the exposure draft Measurement of Liabilities
03-May-2010
In its March Board meeting, the IASB decided to extend the comment period for the exposure draft Measurement of Liabilities in IAS 37 to 19 May 2010.
The extension is to give respondents more time to understand the recognition requirements of the standard that will replace IAS 37 before they finalise their comments on the revised measurement proposals.
The Board is reviewing the requirements of IAS 37, which it intends to replace with a new IFRS.
On 3 March 2010, Robert Garnett, IASB member, and Joan Brown, project manager held a live webcast on IAS 37 including a question and answer session. The webcast focused on the revised measurement proposals but also addressed their interaction with the other requirements proposed in a working draft.