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IASB meeting summaries


 IASB October 2009


 

21 October 2009

The Board considered a summary of the responses to the discussion paper (DP) Credit Risk in Liability Measurement. The Board decided:

  • to stop work on credit risk as a free-standing work stream.
  • not to reach a general conclusion on credit risk at this time but instead to incorporate the topic in the conceptual framework measurement project;
  • not to change the role of credit/performance risk in the definition of fair value as a result of the responses to the DP. The Board has not yet reviewed responses to the exposure draft Fair Value Measurement;
  • not to change the role of credit/performance risk in the definition of fair value as a result of the responses to the DP. The Board has not yet reviewed responses to the exposure draft Fair Value Measurement.
  • to consider the application of the fair value definition in every project involving measurements that would otherwise be at fair value; and
  • to consider the question of credit risk in every project involving a current measurement of liabilities that is not fair value.

Date: 10/21/2009