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IASB publishes ITG meeting agenda

  • IASB (International Accounting Standards Board) Image

Apr 02, 2015

The agenda has been released for the upcoming meeting of the Transition Resource Group for Impairment of Financial Instruments (ITG), which is being held at the IASB’s office on April 22, 2015.

The ITG was created to keep the IASB informed on issues occurring during implementation of the new impairment requirements in IFRS 9, Financial Instruments. Specifically, the ITG helps the IASB de­ter­min­e what action may be needed to resolve diversity in practice and provides a public forum for stake­hold­ers to learn about the new im­pair­ment re­quire­ments from others involved with im­ple­men­ta­tion. The ITG’s first face-to-face meeting was orig­i­nally planned for the last quarter of 2014 but was replaced by a con­fer­ence call to discuss operating pro­ce­dures and the status of im­ple­men­ta­tion, since not enough sub­stan­tive technical im­ple­men­ta­tion issues that meet the sub­mis­sion criteria had been received by then.

The agenda for the meeting is as follows:

Wednesday, April 22, 2015, 09:30 a.m. (BST)

  • Introductory remarks.
  • The maximum period for entities to consider when measuring expected credit losses.
  • Forecasts of future economic conditions.
  • Loan commitments — scope.
  • Revolving credit facilities.
  • Assessment of significant increase in credit risk for guaranteed debt instruments.
  • Measurement of expected credit losses for an issued financial guarantee contract.
  • Expected credit losses — measurement date.
  • Measurement of expected credit losses related to a modified financial asset.

Agenda papers for this meeting will become available on the IASB's Web site as the meeting date approaches.

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