The Institute of Chartered Accountants of India
(Setup by an Act of Parliament)
(Setup by an Act of Parliament)
Introduction
In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The amendments specify the costs an entity includes in determining the ‘cost of fulfilling’ a contract for the purpose of assessing whether a contract is onerous.
Invitation to comment
ASB invites comments on the Exposure Draft from the public.
How to comment
Comments should be submitted using one of the following methods, so as to be received not later than February 28, 2019.
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Click 'Submit a comment letter' below
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Comments can be sent to: commentsasb@icai.in |
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Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002 |
Further clarifications on this Exposure Draft may be sought by e-mail to asb@icai.in
The Exposure Draft is open for comment until 28th February, 2019
| Due process documents |
| Onerous ContractsCost of Fulfilling a Contract (Proposed amendments to IAS 37) [PDF] |