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Introductory conference call of the IASB's ITG

  • ITG (Transition Resource Group for Impairment of Financial Instruments) (mid blue) Image

Dec 01, 2014

The Transition Resource Group for Impairment of Financial Instruments (ITG) will hold an introductory conference call on December 3, 2014.

The ITG was created to keep the IASB informed on issues occurring during implementation of the new impairment requirements in IFRS 9, Financial Instruments, to assist in determining what action may be needed to resolve diversity in practice and to provide a public forum for stakeholders to learn about the new impairment requirements from others involved with implementation.

The first face-to-face meeting of the group was planned for the last quarter in 2014. However, the agenda papers for the conference call state: "We have yet to receive many substantive technical implementation issues on the impairment requirements of IFRS 9 that meet the submission criteria." Therefore, the first physical meeting will be replaced by a conference call to discuss operating procedures and the status of implementation.

The detailed agenda and agenda papers for the call are available on the IASB's Web site.

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