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Comment Letter on ED Provisions—Targeted Improvements: Proposed amendments to IAS 37
EY has offered its views in a comment letter to the IASB on Exposure Draft (ED) Provisions—Targeted Improvements: Proposed amendments to IAS 37
We are generally supportive of the proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets and believe they will overall enhance accounting for provisions. However, we have identified certain areas where further clarification and/or guidance would be needed for better understanding of the proposed guidance. A detailed responses to the questions raised is provided in the appendices to our letter.