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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.

IASB® Update March 2024

The IASB met on 18 March 2024 to discuss feedback on the impairment requirements in IFRS 9 Financial Instruments, given in response to its Request for Information of the Post-implementation Review of IFRS 9—Impairment.

The IASB discussed stakeholder views on the main requirements in IFRS 9 for measuring expected credit losses (ECL). The discussion focused on:

  1. the use of forward-looking scenarios;
  2. the use of post-model adjustments or management overlays; and
  3. some application questions related to measuring ECL.

The IASB tentatively decided to take no action on these matters.

All 14 IASB members agreed with the decision.

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