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Boards discuss impairment at joint meeting

  • FASB-IASB Image

Sep 19, 2013

The FASB and IASB held joint meetings on September 17 and 18, 2013, to discuss several of the boards' joint projects. In their session on impairment, the boards each began redeliberations of their respective expected credit loss models. Both boards participated in the discussions, but only made decisions on their respective papers.

For more information on the impairment discussion, please see:

  • Deloitte's September 20, 2013, Accounting Journal Entry: Financial instruments — FASB and IASB tentatively agree to clarify certain aspects of their impairment models.
  • Meeting minutes on the FASB's Web site.
  • Preliminary and unofficial notes on the impairment session taken by Deloitte observers at the meeting, available on IAS Plus.

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