This comment letter summarizes CFA Institute’s position on revisions to the accounting for impairment of financial assets by both IASB and FASB, respectively, and Basel’s implementation guidance on the proposed standards.
This comment letter summarizes CFA Institute’s position on revisions to the accounting for impairment of financial assets by both IASB and FASB, respectively, and Basel’s implementation guidance on the proposed standards. Also, it highlights the challenges that investors will face in connection with the implementation of expected credit loss models.