We agree with the Board’s proposals. However, we highlighted that the proposed amendments to IFRS 3 are a temporary measure. We urge the Board to use its project on provisions to amend IAS 37 (including the requirements in IFRIC 21) so that the principles/requirements in IAS 37 and IFRIC 21 are aligned with the liability definition and supporting concepts in the 2018 Conceptual Framework.
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