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IAS 39 Replacement - Impairment of Financial Assets (Request for Information)


The IASB has added to its active agenda a multi-phase project to improve the reporting requirements for financial instruments. One phase of the project deals with the impairment of financial assets. Currently IAS 39 'Financial Instruments: Recognition and Measurement' requires an incurred loss impairment approach and the impairment phase of the project will explore other possible approaches with a view to replacing or modifying the incurred loss impairment approach.

EFRAG published its comment letter on the issue on 9 September 2009. 

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