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22 July 2013

EFRAG(欧州財務報告アドバイザリーグループ)、金融商品の予想信用損失に関するIASB(国際会計基準審議会)公開草案について実施したフィールドテストの結果を公表


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EFRAG published a field test report summarising the findings from its field test on the IASB ED Financial Instruments: Expected Credit Losses. The field test was undertaken by EFRAG and the National Standard-Setters from France, Germany, Italy and the UK.


On 7 March 2013, the IASB published the Exposure Draft 'Financial Instruments: Expected Credit Losses'.

EFRAG and the National Standard-Setters from France, Germany, Italy and the UK (ANC, ASCG, OIC and FRC respectively) conducted a joint field test by asking preparers to report on their internal assessment regarding the implementation of the new requirements.

The exercise was focused on the practical application of the new requirements and was intended to gather solely facts and objective data, rather than views and opinions.

The main findings of the field-test indicate that:

a) The proposed model would be more responsive to changes in credit quality compared to the incurred loss model in IAS 39;

b) Many participants were concerned that the proposals in the ED did not allow them to sufficiently rely on their existing credit risk management and regulatory practices; and that not all necessary data are available;

c) While overall the requirements were found to be clear, they were rated operationally difficult to apply. As a consequence further guidance was considered necessary by participants;

d) Tracking credit quality, assessing the significance of credit deterioration, having access to sufficient data, discounting expected credit losses and fulfilling the disclosures would be operationally difficult;

e) Participants were divided as to whether the proposals in the Exposure Draft reflected the manner in which they assessed credit deterioration; and

f) Participants would incur significant implementation costs to apply the requirements in the ED. 

Press release



© EFRAG - European Financial Reporting Advisory Group


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