Post-implementation Review of IFRS 9—Impairment

The IASB met on 20 May 2024 to discuss:

• stakeholders’ views on, and academic research about, the credit risk disclosure requirements in IFRS 7 Financial Instruments: Disclosures; 
• stakeholders’ views on other matters; and 
• a summary of the IASB’s response to feedback on the Request for Information Post-implementation Review of IFRS 9—Impairment, and its next step.

Credit risk disclosures (Agenda Papers 27A–27B)

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.

Other matters (Agenda Paper 27C)

The IASB tentatively decided to take no action on matters related to:

1. the simplified approach for recognising expected credit losses; and
2. the addition of illustrative examples to IFRS 9 Financial Instruments for some types of financial instruments, such as those between related parties.

Eight of 14 IASB members agreed with this decision.

Summary of the IASB’s response to the PIR feedback and next step (Agenda Paper 27D)

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.