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GAAP.RUNewsIASB seeks input on feasibility of expected loss model

IASB seeks input on feasibility of expected loss model

Publication date: 26 June 2009

The International Accounting Standards Board (IASB) today published a Request for Information on the feasibility of an expected loss model for the impairment of financial assets. Impairment is one of the issues that the IASB is addressing in the second phase of its comprehensive review of IAS 39 “Financial Instruments: Recognition and Measurement”.

Following G20’s recommendations, the International Accounting Standards Board (IASB) today published a Request for Information on the feasibility of a model, alternative to the incurred loss model  - the expected loss model for the impairment of financial assets. Impairment is one of the issues that the IASB is addressing in the second phase of its comprehensive review of IAS 39 “Financial Instruments: Recognition and Measurement”.