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The objective of the ITG is to provide a forum for stakeholders to discuss emerging implementation issues arising from the new impairment requirements following the issue of IFRS 9 (2014). The ITG will also provide information that will help the IASB to determine what, if any, action will be needed to resolve such diversity, although it will not itself issue guidance. Meetings will also be observed by regulatory bodies including members of the Basel Committee on Banking Supervision.
The IASB expects that the ITG will meet approximately two to three times a year, depending upon the volume and complexity of the issues raised. The first meeting is planned for the last quarter of 2014, with details to be announced in due course. All meetings will be public and chaired by IASB member Sue Lloyd.
Any stakeholder can submit a potential implementation issue for discussion at ITG meetings. The IASB staff will evaluate each submission and prioritise the issues for discussion at ITG meetings.