Please review the following link for comments by FASB Chairman Russell Golden regarding FASB’s standard on impairment of financial instruments which is scheduled to be issued in the first quarter of 2016.
http://www.journalofaccountancy.com/news/2015/dec/fasb-impairment-project-201513542.html
As we know more about the new standard we will be sure to communicate information to you in order for you to comply with the new standard.
I am a partner in the Green Bay, WI, office of Hawkins Ash CPAs and joined the firm in 1998. I have extensive experience providing tax and audit services to individuals, commercial businesses and credit unions. I also provide business valuation and compilation and review services. I am a member of the firm's Audit and Accounting Committee.
