Global Standards for the world economy

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IASB finalises deliberations on the impairment of financial assets and the limited amendments to classification and measurement

 25 February 2014

In February 2014 the IASB finalised its deliberations on the forthcoming requirements for the impairment of financial assets.

Going forward, the staff will proceed to drafting and balloting the final requirements for impairment and the limited amendments to the classification and measurement requirements to be incorporated into IFRS 9 Financial Instruments.

The IASB also tentatively decided to require an entity to apply IFRS 9 for annual periods beginning on or after 1 January 2018.

For more information, please see the February 2014 IASB Update.