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Expected-loss-based accounting for the impairment of financial instruments: : the FASB and IASB IFRS 9 Approaches

Research output: Book/Report/ProceedingsCommissioned report

Published
Publication date2015
Place of PublicationBrussels
PublisherEuropean Parliament
Original languageEnglish

Abstract

This paper outlines the work of the FASB and the IASB on the development of
expected-loss methods for measuring the impairment of financial instruments
arising from credit losses, and describes and compares key features of the
different approaches developed by the two standard setters. It also provides
information indicative of the possible effect of differences between the two
approaches and summarises arguments for and against the main elements of
the approaches proposed by the two standard setters.