The questionnaire was carried out by EFRAG and the partner National Standard Setters (ANC, ASCG, FRC and the OIC) from the end of November 2014 until the end of March 2015 and was intended to identify whether any issues identified by constituents in earlier field tests remained after the publication of the final IFRS 9 in July 2014. 

Input from the pre-endorsement questionnaire was used by EFRAG in developing its draft endorsement advice to the European Commission for the use of IFRS 9 in the EU.  A total of 24 companies participated in the questionnaire of which 11 were from the banking industry, four from the insurance industry and nine from other industries.

The feedback report covers the following areas:

• classification and measurement (including the interaction between IFRS 9 and the insurance contracts standard);
• expected credit losses (including costs related to the implementation of the impairment model);
• general hedge accounting; and
• overall assessment of IFRS 9.

The press release and full feedback report are available on the EFRAG website.