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Impairment advisory group to meet 21-22 June 2010

  • Working group meeting (mid blue) Image

03 Jun 2010

The joint IASB-FASB Expert Advisory Panel (EAP) on the impairment of financial assets will meet on 21-22 June 2010, as follows:

Location: Offices of the Industrial and Commercial Bank of China (ICBC), 55 Fuxingmennei Avenue, Xicheng District, Bejing, China
Date and time:
  • Monday 21 June: 14:00 - 18:00 (Beijing time)
  • Tuesday 22 June: 08:00 - 14:45 (Beijing time)
The Board established the EAP to advise them about the significant practical challenges in moving to an expected loss model as proposed in the IASB's November 2009 Exposure Draft. Under the proposals in the Exposure Draft, expected losses on loans (or other financial assets measured at amortised cost) are recognised throughout the life of the loan (or other asset), and not just after a loss event has been identified. On 26 May 2010, the IASB posted on its website a summary of the discussions to date by the EAP. Click:

 

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