Deadline reminder – Supplement on impairment and report on IFRS Foundation's governance
30 Mar, 2011
We remind you that comments on the Supplement to Exposure Draft: Financial Instruments: Impairment and Consultative Report on the Review of the IFRS Foundation's Governance are due on 1 April 2011 and 8 April 2011, respectively.
The supplement on impairment proposes to replace the incurred loss impairment models in IAS 39 and US GAAP with an expected loss impairment model including separate approaches to recognising expected losses for performing assets in a "good book" and for troubled assets in a "bad book".
The report on the IFRS Foundation's governance seeks public comment on a series of proposals and alternatives under consideration to improve the governance structure supporting International Financial Reporting Standards.
Click for our earlier stories on the supplement to exposure draft on impairment and the report on governance review for public consultation.
