IASB, FASB focus on impairment, other issues raised by G-20

01/21/2009 | Journal of Accountancy online

The International Accounting Standards Board announced a series of actions taken to address recommendations made by the G-20 leaders in November in Washington. The IASB and the Financial Accounting Standards Board are proposing, among other things, changes in disclosure requirements for impairments and have asked their staffs to consider how existing requirements relating to reversals of impairment losses might be changed.

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