An employee of RT Ltd was injured at work on 15 June 2022 due to faulty equipment, He is suing RT LTD. The lawyers have advised that it is probable that the company will be held liable and the most likely outcome would be R5 000 000. Discuss with reference to IAS37 whether the restructuring can be recognized as a provision.

Answer rating: 100% (QA)

In accordance with International Accounting Standard 37 IAS 37 Provisions Contingent Liabilities and ... View the full answer