Measurement of Liabilities

The International Accounting Standards Board has issued exposure draft ED/2010/1 Measurement of Liabilities in IAS 37, which proposes revised draft measurement guidance for liabilities that fall within the scope of IAS 37, Provisions, Contingent Liabilities and Contingent Assets. In 2005, the IASB published an exposure draft of a replacement for IAS 37. After reviewing the responses, the IASB concluded that more guidance was required on measurement.