it is said that ias 37 does not align with the conceptual framework, could u please shed light how ?
Additionally even after changing the definition of a liability of under the ED, it still contradicts with deffered tax liability under ias 12 wherby it may or may not result in transfer of economic resource
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Conceptual framework vs ias 37
7y ago#1Hi,
Where does it say this about IAS 37?
IAS 12 doesn't really as there is no transfer of economic resource, it is merely just an accounting adjustment.
Thanks
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