The International Accounting Standards Board (IASB) began the Post-implementation Review of the IFRS 9 Financial Instruments impairment requirements in the second half of 2022.
In May 2023, the IASB published the Request for Information Post-Implementation Review of IFRS 9 Financial Instruments—Impairment to seek stakeholders’ views on the impairment requirements in IFRS 9 and the related disclosures. The comment period closed on 27 September 2023.
In November 2023, the IASB started its discussions of the feedback on the Request for Information and discussed the plan for the next phase of the project.
The IASB met on 24 April 2024 to discuss feedback on matters relating to the application of the impairment requirements in IFRS 9 Financial Instruments. In particular, the IASB discussed how an entity applies the impairment requirements:
The IASB tentatively decided:
All 14 IASB members agreed with these decisions.
Feedback Statement
Islamic Finance Consultative Group May 2024