IFRS in Focus — IASB and FASB issue joint proposals on impairment of financial assets

Published on: 09 Feb 2011

On 31 January 2011, the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) issued a jointly developed supplementary document Financial Instruments: Impairment to the November 2009 IASB exposure draft ED/2009/12 Financial Instruments: Amortised Cost and Impairment.

The proposals in the Supplement stem from the Boards' consideration of the feedback received on each of their respective exposure draft.  Additionally, the IASB has included an appendix to the Supplement with proposed separate presentation and disclosure requirements.  The FASB has no yet discussed presentation and disclosure requirements.


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