The International Accounting Standards Board (IASB) has published supplementary guidance on the impairment of financial instruments as part of its IAS 39 replacement project.  These proposals, which are issued jointly with the US Financial Accounting Standards Board (FASB), aim to develop a common approach with the FASB for an expected loss impairment model for open portfolios of financial assets measured at amortised cost.

The consultation paper can be accessed via the IASB website.  The deadline for responses is 1 April 2011