Hans got more mail!

Regular readers may recall that a year ago, courtesy of my mole at the IASB, and without regard for my personal safety, I broke through a never-before-penetrated wall of secrecy and published a treasure trove of correspondence to and from the office of Chair Hans Hoogervorst. Here now, obtained at equal risk, is a further…

Review of impairment disclosures: not bad, but we still want more!

The UK’s Financial Reporting Council has published a report on its “Thematic Review: Impairment of Non-Financial Assets.” The specific focus was on disclosures relating to such impairments. The overview was that the FRC “found numerous instances of good practice across each aspect of disclosure – events and circumstances triggering an impairment loss, description of cash…