Post-implementation review — IFRS 9 (Impairment)



The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.

The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:

  • to review the important issues that had been identified as contentious during the development of the pronouncement
  • to consider any unexpected costs or implementation problems that have been encountered.

This page covers the second part of the IASB's post-implementation review of IFRS 9 Financial Instruments. In October 2020, the IASB decided to take up a post-implementation review (PIR) of IFRS 9, but to separate it into several PIRs. The PIR on classification and measurement was started right away, the PIR on impairment was first discussed in July 2022.

Core model for the impairment accounting requirements is the so-called "expected credit loss" impairment model that addresses the delayed recognition of credit losses applying the impairment model in IAS 39 Financial Instruments: Recognition and Measurement.


Current status of the project

The project was first discussed in July 2022. A request for information was published on 30 May 2023 with comments requested by 27 September 2023.


Project milestones

Date Development Comments
July 2022 Project first discussed by the IASB The next expected project step is a request for information to be published in H1 2023.
30 May 2023 Request for information was published Comments requested by 27 September 2023


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