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 20 May 2024 to discuss:
The IASB tentatively decided to classify as medium priority the matters related to disclosure requirements in IFRS 7 and to add to its research pipeline a project to make targeted improvements to those requirements.
Thirteen of 14 IASB members agreed with this decision.
The IASB tentatively decided to take no action on matters related to:
Eight of 14 IASB members agreed with this decision.
The IASB decided that sufficient work has been completed to conclude the Post-implementation Review of IFRS 9—Impairment and to prepare a project summary and feedback statement.
All 14 IASB members agreed with this decision.
Feedback Statement
Trustees of the IFRS Foundation June 2024