Under IFRS, a provision may be reversed if it is no longer probable that an outflow of assets is likely to occur to settle the obligation.

Name: Under IFRS, a provision may be reversed if it is no longer probable that an outflow of assets is likely to occur to settle the obligation.
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Under IFRS, if it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision should be reversed.

Under IFRS, a Provision May Be Reversed If It Is