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 was 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.

The Exposure Draft was open for comment until 1 April 2011.

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.


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