At its meeting on September 20-21, 2023, the AcSB discussed its draft response to the IASB’s Request for Information (RFI), “Post-implementation Review of IFRS 9 Financial Instruments—Impairment.” The IASB’s RFI was issued in May 2023, and comments are due to the IASB by September 27, 2023. In developing its response, the Board considered feedback received from its outreach with 89 interested and affected parties, including users, preparers, practitioners, academics, and regulators. Overall, the Board thinks the impairment requirements in IFRS 9 are working as intended. The Board decided to highlight some application issues that may indicate a need for clarification to the requirements. The Board approved its response for submission to the IASB, subject to drafting changes.

Review the Executive Summary on the AcSB's Web site.