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Supplementary document and comment letters [Jan 2011]

Supplementary document and comment letters

On 31 January 2011 the IASB published for public comment Financial Instruments: Impairment. This is a supplementary document to the  exposure draft Financial Instruments: Amortised Cost and Impairment. The supplementary document is a joint document published by the IASB and the US-based Financial Accounting Standards Board. The scope of the document is open portfolios of financial assets measured at amortised cost, excluding short-term trade receivables.

On Friday 4 February 2011 the IASB will be hosting two live webcasts on the supplementary document Financial Instruments: Impairment at 10am and 2pm (GMT).  Click here to register

Previous publications

On 5 November 2009 the IASB published for public comment the original exposure draft on amortised cost and impairment of financial instruments. The proposals formed the second part of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard, IFRS 9 Financial Instruments. The comment period for the original ED closed on 30 June 2010.

On 26 May 2010 the FASB published for public comment the Proposed Accounting Standards Update— Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities—Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815). The comment period closed on 30 September 2010. The FASB exposure draft included proposals for the impairment of financial assets.

Comment letter deadline

The comment period for the supplementary document Financial Instruments: Impairment will close on 1 April 2011.

Comment letters should be submitted by email to director@fasb.org, File Reference No. 2011-150. Those without email should send their comments to ‘Technical Director, File Reference No. 2011-150, FASB, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116’.

The IASB will review all comment letters submitted to the FASB. It is not necessary to submit a letter to both organisations.

Click here to access the comment letters on the FASB website


Due process document
Supplementary Document: Financial Instruments: Impairment [English] [PDF]
補足文書: 金融商品:減損 [Japanese] [PDF]
Exposé-sondage: Document complémentaire: Instruments financiers : Dépréciation [French] [PDF]

Related information

Click here for a Snapshot summary on the supplementary document

Click here for a podcast about the supplementary document