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Final stage

The International Accounting Standards Board (IASB) has completed its post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments. On 21 December 2022 the IASB published the project report and feedback statement, in which the IASB concluded that these classification and measurement requirements are working as intended. In particular, the IASB concluded that:

  • stakeholders have no fundamental questions about the clarity or suitability of the objectives or principles in these requirements.
  • in general, the requirements can be applied consistently and provide useful information to the users of financial statements. However, clarification is needed in some areas to improve the understandability of the requirements.
  • stakeholders encounter no unexpected costs when applying or enforcing the classification and measurement requirements of IFRS 9, nor when using or auditing information the Accounting Standard requires a company to provide.

The IASB has started a project to clarify the classification and measurement requirements of IFRS 9 in response to the feedback. The IASB also decided to add a project on amortised cost measurement to its research pipeline.

The IASB concluded that the project was complete and that no further work on the project was required.