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Accounting

IACPM Comments on Guidance on Accounting for Expected Credit Losses

The IACPM submitted a comment letter to the Basel Committee in response to the Consultative Document “Guidance on accounting for expected credit losses” released February 2015, addressing the topics of Use of Forward-looking Information, Guidance for Credit Risk Management versus Accounting, 12-month Expected Credit Loss, Significant Increases in Credit Risk, Use of Practical Expedient/Proportionality Issue, the …

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IACPM Submits Comment Letter to the IASB

The IACPM has submitted a comment letter in response to the IASB’s publication of Exposure Draft “Financial Instruments: Expected Credit Losses”, detailing its key concerns with the IASB’s approach to updating credit loss standards. In the letter, IACPM’s Credit Loss/Impairment Working Group expresses several objections to the proposed standards, including the failure to align recognition of …

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