Summary of EAP discussions

  • IASB (International Accounting Standards Board) (blue) Image

12 Jul, 2010

In November 2009, when it issued an Exposure Draft (ED) on Impairment of Financial Instruments Measured at Amortised Cost, the IASB set up an Expert Advisory Panel (EAP) comprising experts in credit risk management to advise the board because of significant practical challenges in moving to an expected loss model.

The EAP held six public meetings during the ED's eight months public consultation period. The IASB staff has now posted a Summary of the discussions by the EAP (PDF 74k). The document summarises the main issues that the IASB team of participating Board members and staff have learnt during these discussions and is structured as follows:
  • Part I - objectives of the panel and acknowledgement of the contribution of EAP members; and
  • Part II - summary of the main issues that the IASB team has heard and learnt from the EAP.
During the July 2010 board meeting, the Board will be discussing the feedback from the EAP.


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