Post-implementation Review of IFRS 9 — Impairment

Date recorded:

Request for Information (Agenda Paper 27)

From September 2022 to February 2023, the IASB conducted an outreach to ask stakeholders what matters the IASB should examine within the context of the objectives of the post-implementation review (PIR) of the IFRS 9 impairment requirements.

In the IASB meeting of February 2023, the IASB considered the feedback from outreach and decided to examine further specific aspects of the IFRS 9 impairment requirements through the Request for Information (RFI).

At this meeting, the IASB was asked to approve the publication of the RFI, and also whether they agree to setting a 120-day comment period.

Publishing the RFI

If approved, the staff expect to publish the RFI by the end of May 2023. As set out in the draft reviewed by IASB members, the RFI will seek information on the following matters:

  • The general approach to recognition of expected credit losses (ECL)
  • Determining significant increases in credit risk (SICR)
  • Measurement of ECL
  • Purchased or originated credit-impaired financial assets
  • Simplified approach for trade receivables, contract assets and lease receivables
  • Loan commitments and financial guarantee contracts
  • Interaction between ECL and other requirements
  • Transition
  • Disclosures

IASB decision

There was no discussion of this paper. All IASB members voted in favour of the staff recommendation to approve the publication of the RFI and the 120 days for the comment period.

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