Ind AS 37, "Provisions, Contingent Liabilities and Contingent Assets," is a part of the Indian Accounting Standards (Ind AS) framework that deals with the recognition, measurement, and disclosure of provisions, contingent liabilities, and contingent assets. Below is a summary of its key aspects:
### Scope
- Ind AS 37 applies to all provisions, contingent liabilities, and contingent assets, except for items that fall under other specific