DOI: 10.5176/2251-1997_AF-23
Authors: Lorenzo Gelmini and Diana Anna Passarani
Abstract:
Our paper deals with the flow of recent IASBproposals about IAS 37 (inter alia: two exposure drafts, aworking draft, a staff paper, a summary of the decisions reached)and examines the strong criticism about IASB documents raisedby the commentators to the last exposure draft, issued in 2010. Inthis sense, the IASB tentative decisions about IAS 37 conflict withthe overwhelmingly majority of the comment letters, so webelieve particularly important to raise a proper debate alsoamongst academics in order to evaluate and appreciate, possiblyfrom a theoretical overview, IASB proposals, which are due – ifand when endorsed – to produce a real accounting havoc.
Keywords: Accounting choice - IAS/IFRS – Provisions –Contingent Liabilities – IAS 37 – Comment letters - Practitioners
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