Impairment: summary of Expert Advisory Panel discussions to date
26 May 2010
In response to constituents’ feedback during its outreach activities, the IASB staff has posted a summary of the discussions to date 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 is to explore how operational challenges of the expected cash flow approach (ECF) as proposed in the IASB’s ED might be resolved. The EAP has held four public meetings to date.
During its outreach, IASB staff has been asked about the work of the EAP and its progress to date. This document has been made available to help constituents understand the issues and draft their comment letters. The document provides a summary of:
- the operational issues for which possible solutions have been identified by the EAP; and
- the operational issues identified that the EAP has yet to resolve.
The document will be updated following future EAP meetings, as necessary.
Click here to view the document.
The ED is open for comment until 30 June 2010. Click here to submit a comment letter. In addition, the IASB has created a questionnaire for analysts to provide feedback on the proposal. Click here for more information on the user questionnaire.