The International Accounting Standards Board
(IASB) has extended the comment period for its exposure draft on
the measurement of liabilities in IAS 37 to 19 May.
The extension was granted to give respondents
more time to understand the recognition requirements of the updated
One of the main purposes of IAS 37 revision is
to make the recognition requirements for liabilities in the scope
of IAS 37 consistent with those for liabilities within