Exposure Draft Financial Instruments: Expected Credit Losses (Last date for sending comments: April 30, 2013).
March, 28th 2013
The main objective in developing this proposal is to provide users of financial statements with more useful information about the expected credit losses on financial assets and on commitments to extend credit. This objective is addressed through the proposed model, which provides information about expected credit losses and changes in expectations about credit losses, and also requires a broader range of reasonable and supportable information to be used to determine expected credit losses.
Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.
Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than April 30, 2013. Comments can also be sent by e-mail at firstname.lastname@example.org email@example.com.