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IFRS® Accounting Standards

Post-implementation Review of IFRS 9 – Impairment


The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) post-implementation review of IFRS 9 Financial Instruments. The second stage of the post-implementation review of IFRS 9 focuses on assessing the effectiveness of the “expected credit loss” impairment model. 

In undertaking the review, the IASB:

  • considers important or contentious issues in the development of the IFRS Standards;
  • considers issues that have come to the IASB’s attention since publication; and
  • identifies areas in which unexpected costs or implementation problems were encountered.

The AcSB is participating in the consultations and activities on this project to ensure that Canadian entities’ financial reporting needs are considered by the IASB. The review of IFRS 9 impairment model may lead to the IASB making minor amendments to the standard, preparing an agenda proposal for a broader revision of the standard, or perhaps no changes at all.

Staff Contact(s)

Shalini Gupta, CPA, CA Principal, Accounting Standards Board

Project Status

  • Information gathering

    Completed prior to November 2021

  • Approving project

    The IASB approved the project in July 2022

    The IASB will seek feedback separately on hedge accounting requirements when more information is available about the effects of the application of that section

  • Consulting stakeholders
  • Deliberating feedback
  • Final pronouncement

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.