Impairment of assets
This is a joint IASB-FASB project which would examine issues addressed in existing standards on impairment to arrive at a common resolution. Issues might include: use of impairment triggers, definition of impairment, and reversals of impairment losses.
The final product of this project would likely be amendments to IAS 36 Impairment of Assets.
Current status of the project
This project is currently inactive.