PIR of IFRS 9, Impairment– International Accounting Standards Board
Date recorded:
The IASB met on February 20, 2024, to discuss feedback from its Post-implementation Review of the impairment requirements in IFRS 9 Financial Instruments. The IASB evaluated stakeholders' opinions on recognizing expected credit losses (ECL) and the criteria for identifying significant increases in credit risk (SICR). They decided not to make any changes regarding these matters. All members agreed not to change the ECL recognition approach, and most agreed on maintaining the SICR criteria. Additionally, the IASB reviewed updated academic literature on the impact of applying IFRS 9's impairment requirements.
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