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Summary of EAP discussions

 08 July 2010


The IASB staff has posted a summary of the discussions by the Expert Advisory Panel (EAP) on the exposure draft (ED) Financial Instruments: Amortised Cost and Impairment.

The EAP was set up shortly after publication of the ED in November 2009. The primary objective of this panel was to explore how operational challenges of the expected cash flow approach (ECF) as proposed in the IASB's ED might be resolved. The EAP held six public meetings during the ED's eight months public consultation period.

This document has been made available as a convenience for those who are interested in the issues discussed at the EAP meetings. The document summarises the main issues that the International Accounting Standards Board (IASB) team of participating Board members and staff have heard and learnt. This summary does not constitute minutes of the EAP meetings. The document is structured as follows:

(a) Part I - objectives of the panel and acknowledgement of the contribution of EAP members; and
(b) Part II - summary of the main issues that the IASB team has heard and learnt from the EAP.

Click here to view the document.