IFRS 9 resources

Financial instruments were the second most-commonly challenged topic in the FRC's Annual Review of Corporate Reporting 2021/22, with more substantive questions raised this year compared to the previous year. The FRC's challenges and expectations are grouped into three broad categories:

  • Scope, recognition and measurement - The FRC noted that companies need to provide clearer explanations of the accounting treatment in certain areas, including derivatives used in cash flow hedges, financial guarantees, forward purchase contracts of own shares and non-controlling interest (NCI) put options. It expects accounting policies to be provided for all material financing (including factoring and reverse factoring) and hedging arrangements, and any changes in the arrangements.
  • ECL provisions and credit risk - the FRC observed that some companies were failing to disclose their impairment assessment for financial assets other than trade receivables, including contract assets, intercompany balances and other related party receivables. It also noted that certain credit risk-related disclosures were missing for some non-banking companies and, for financial institutions, the FRC noted some cases where insufficient information was given to explain post-model adjustments and overlays. The FRC expects companies to discuss their approach and significant assumptions in measuring ECL provisions, including disclosure of concentrations of risks, where material. Historical default rates used in making ECL assessments should also be reviewed and adjusted, particularly in the context of forecast future economic conditions.
  • Other disclosures - The FRC also identified some areas for improvement around liquidity disclosures, including information about invoice discounting arrangements, terms and conditions of bank loans and borrowings and banking covenants. It expects sufficient information to be given about banking covenants and the effect of refinancing arrangements to enable users to understand their terms and the potential impact of any changes or breaches, unless considered remote.

This page includes a comprehensive collection of all of our resources on IFRS 9.  It includes links to:

IFRS 9 resources

Need to know — IASB proposes amendments to IFRS Accounting Standards as part of its annual improvements process Image

Need to know — IASB proposes amendments to IFRS Accounting Standards as part of its annual improvements process

20 Sep, 2023

This Need to know outlines Exposure Draft (ED) 'Annual Improvements to IFRS Accounting Standards — Volume 11', published by the International Accounting Standards Board (IASB) in September 2023.

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IASB publishes proposals for amendments under its annual improvements project (volume 11)

12 Sep, 2023

The International Accounting Standards Board (IASB) has published an exposure draft IASB/AI/ED/2023/1 'Annual Improvements to IFRS Accounting Standards — Volume 11'. It contains proposed amendments to five standards as result of the IASB's annual improvements project. Comments are requested by 11 December 2023.

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UKEB publishes its draft comment letter on the IASB’s Request for Information regarding the Post implementation Review of IFRS 9 – Impairment

11 Aug, 2023

The UK Endorsement Board (UKEB) has published its draft comment letter in response to the International Accounting Standards Board's (IASB's) Request for Information on its Post-implementation Review of IFRS 9 – Impairment.

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UKEB publishes its final comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments

23 Jul, 2023

The UK Endorsement Board (UKEB) has published its final comment letter and feedback statement relating to the International Accounting Standards Board (IASB) Exposure Draft (ED) 2023/2 'Amendments to Classification & Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)'.

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EFRAG final comment letter on the IASB’s proposed amendments to classification and measurement of financial instruments

22 Jul, 2023

The European Financial Reporting Advisory Group (EFRAG) has issued its final comment letter on the International Accounting Standards Board’s (IASB's) proposed amendments to the classification and measurement of financial instruments.

Deloitte comment letter on amendments to the classification and measurement of financial instruments Image

Deloitte comment letter on amendments to the classification and measurement of financial instruments

19 Jul, 2023

We have commented on the IASB’s Exposure Draft ‘Amendments to the Classification and Measurement of Financial Instruments – Proposed amendments to IFRS 9 and IFRS 7’.

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EFRAG draft comment letter on the request for information on the post-implementation review of IFRS 9 (impairment)

19 Jul, 2023

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB's request for information (RFI) seeking comments from stakeholders to identify whether the impairment requirements in IFRS 9 'Financial Instruments' provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard.

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Educational material on applying IFRSs to climate-related matters updated

04 Jul, 2023

The IFRS Foundation has released an updated version of its publication that shows how existing IFRS requirements require companies to consider climate-related matters when their effect is material to the financial statements.

Need to know — IASB seeks views on the post-implementation review of the IFRS 9 impairment requirements Image

Need to know — IASB seeks views on the post-implementation review of the IFRS 9 impairment requirements

27 Jun, 2023

This Need to know outlines the Request for Information (RFI) Post-implementation Review of IFRS 9 — Impairment, published by the International Accounting Standards Board (IASB) in May 2023.

UK Endorsement Board (UKEB) Image

UKEB publishes its draft comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments

05 Jun, 2023

The UK Endorsement Board (UKEB) has published its draft comment letter relating to the International Accounting Standards Board (IASB) Exposure Draft (ED) 2023/2 'Amendments to Classification & Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)'.

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IASB publishes second request for information on the post-implementation review of IFRS 9

30 May, 2023

The International Accounting Standards Board (IASB) has issued a request for information (RFI) seeking comments from stakeholders to identify whether the impairment requirements in IFRS 9 'Financial Instruments' provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard.

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We comment on three IFRS Interpretations Committee tentative agenda decisions

18 May, 2023

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IFRS 9, IFRS 17, and home and home loans to employees, as published in the March 2023 'IFRIC Update'.

Deloitte comment letter on tentative agenda decision on guarantee over a derivative contract Image

Deloitte comment letter on tentative agenda decision on guarantee over a derivative contract

18 May, 2023

We have commented on the IFRS Interpretations Committee's publication in the March 2023 IFRIC Update of the tentative agenda decision not to take onto the Committee’s agenda the request about whether, in applying IFRS 9, an entity accounts for a guarantee written over a derivative contract as a financial guarantee contract or a derivative.

Deloitte comment letter on tentative agenda decision on premiums receivable from an intermediary Image

Deloitte comment letter on tentative agenda decision on premiums receivable from an intermediary

18 May, 2023

We have commented on the IFRS Interpretations Committee's publication in the March 2023 IFRIC Update of the tentative agenda decision (TAD) not to take onto the Committee’s agenda the request about how an entity that issues insurance contracts (insurer) applies the requirements in IFRS 17 and IFRS 9 to premiums receivable from an intermediary.

Need to know — Reporting in uncertain times: Impact of recent events in the banking sector Image

Need to know — Reporting in uncertain times: Impact of recent events in the banking sector

11 May, 2023

This Need to know addresses key financial reporting matters associated with the recent events in the banking sector for entities that apply IFRS Accounting Standards.

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Online workshop on the post-implementation review of IFRS 9

11 May, 2023

On 30 June 2023, the International Accounting Standards Board (IASB), the European Acounting Association (EAA), and the European Financial Reporting Advisory Group (EFRAG) will offer a joint virtual research workshop.

EFRAG (European Financial Reporting Advisory Group) (dk green) Image

EFRAG draft comment letter on the IASB’s proposed amendments to classification and measurement of financial instruments

05 May, 2023

The EFRAG has issued a draft comment letter on the IASB’s proposed amendments to the classification and measurement of financial instruments. Overall, the EFRAG welcomes the IASB’s proposed amendments, particularly the clarifications to the general solely payments of principal and interest (SPPI) requirements, which the EFRAG says would provide a good basis for evaluating whether contractual cash flows of financial assets with ESG-linked or similar features meet SPPI requirements.

Need to know — IASB proposes amendments to the classification and measurement requirements of financial instruments Image

Need to know — IASB proposes amendments to the classification and measurement requirements of financial instruments

05 Apr, 2023

This Need to know discusses IASB/ED/2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) that was published to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments.

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ESMA publishes 27th enforcement decisions report

29 Mar, 2023

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 10/IFRS 16/IAS 1, IFRS 8, IAS 38 (two decisions), IFRS 16, IFRS 15, IAS 36/IAS 1, IAS 1, IFRS 7, IFRS 9 (two decisions), and IAS 32/IFRS 9.

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IASB proposes amendments regarding the classification and measurement of financial instruments

21 Mar, 2023

The International Accounting Standards Board (IASB) has published an exposure draft 'Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. Comments are requested by 19 July 2023.

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