The CFA Institute has released the results of a survey of investor attitudes toward the varying proposals by the Financial Accounting Standards Board and the International Accounting Standards Board for accounting for expected credit losses.

FASB and the IASB have taken differing approaches to how companies should report loan losses and credit losses as they work to converge the accounting standards for financial instruments, but have come under pressure to agree on a common approach (see Banks Urge FASB and IASB to Agree on Credit Loss Standards). After initially agreeing on the proposed changes they wanted to make in the standards, FASB and the IASB parted ways during a contentious meeting last year (see FASB Splits with IASB on Impairment Standards).

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