IASB publishes proposals on the impairment of financial assets

The International Accounting Standards Board (IASB) published for public comment an exposure draft on the amortised cost measurement and impairment of financial instruments.

 The proposals form the second part of a three-part project to replace IAS 39Financial Instruments: Recognition and Measurement with a new standard, to be known as IFRS 9 Financial Instruments. Proposals on the classification and measurement of financial instruments were published in July, with a final standard expected shortly, while proposals on hedge accounting continue to be developed.

Click here  for the press release.

5 November 2009