Exposure Draft IAS 37 Provisions: 3 myths decoded

"Beneath every story, there is another story."

What is the story beneath the Exposure Draft on IAS 37 Provisions, Contingent Liabilities and Contingent Assets?

I can see stories about:

🔹 exploitation of workers by subcontractors of luxury fashion brands which must be held - also financially - accountable,

🔹trade wars & related protection measures (levies),

🔹birds, dolphins, sea lions poisoned by oil spills (also related: ED Climate-related and Other Uncertainities in Financial Statements),

🔹obligations resulting from misleaps caused by AI large language models.

Check out the 3 myths that might hold you back from understanding this ED ⏩

Project direction to be decided by the IASB in Q4 2025: go to: ifrs. org-> work plan.

opening quite by Naomi Alderman via Goodreads.