Accounting StandardsLatest NewsRegulation
IAS 37 a problem area in disclosure reports, FRC says
The FRC encourages companies to disclose entity-specific accounting policies and to provide more quantitative information about contingent liabilities
The Financial Reporting Council has published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’, which has been identified as a frequent problem area.
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