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Impairment advisory group to meet 24-25 May 2010

  • Working group meeting (mid blue) Image

23 May 2010

The joint IASB-FASB Expert Advisory Panel (EAP) on the impairment of financial assets will meet at the offices of the FASB in Norwalk, Connecticut USA on 24 and 25 May 2010 as follows: Monday 24 May: 14:00 - 18:00 (US EDT); Tuesday 25 May: 08:00 - 14:45 (US EDT) 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. Click for:

 

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