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The QCA Financial Reporting Committee examined the IASB's Financial Instruments: Impairment exposure draft, which a supplementary document to the exposure draft Financial Instruments: Amortised Cost and Impairment. This document examines open portfolios of financial assets measured at amortised cost, excluding short-term trade receivables. The QCA responded that we have concerns that, even though the scope of the standard only applies to loans, the definition of the standard may still be too wide, especially surrounding open portfolios.

Click here to read the response (pdf)

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