AcSB Response – Post-implementation Review – IFRS 9 Financial Instruments – Classification and Measurement
Feb 04, 2022
On February 4, 2022, the International Accounting Standards Board (IASB) published the Accounting Standards Board (AcSB) response to the IASB’s Request for Information issued in September 2021. The AcSB’s letter expressed that overall the classification and measurement requirements in IFRS 9 are working as intended. However, the AcSB questioned whether the principles of IFRS 9 are sufficiently flexible such that they may be applied to increasingly complex financial instruments and still provide relevant and meaningful information to users of financial statements.
Review the letter on the IASB's website.
