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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 Accounting 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

    The IASB issued a Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment" in May 2023

    The AcSB is conducting outreach on the IASB’s Request for Information from June 2023 to September 2023

  • Deliberating feedback
  • Final pronouncement

Virtual Roundtable Discussion – IASB Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment”

Register for our virtual roundtable on the IASB’s Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment,” taking place July 27, 2023 (English).


June 2, 2023

International Activity, News

IASB issues Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment”

The IASB published a Request for Information, “Post-implementation Review of IFRS 9 Financial Instruments—Impairment” on the impairment requirements in IFRS 9 and related disclosure requirements in IFRS 7 Financial Instruments: Disclosures. Respond directly to the IASB with your feedback by September 27, 2023. In addition, stay tuned for more information on our virtual roundtables happening this summer to help inform our Board’s response to the IASB.

Meeting & event summaries

July 13, 2023

AcSB Decision Summary – June 21-22, 2023

The AcSB received an education session on the IASB’s Request for Information (RFI), “Post-implementation Review of IFRS 9 Financial Instruments—Impairment.” The IASB’s RFI was issued on May 30, 2023, and comments are due September 27, 2023. The Board plans to gather feedback to inform its response. As part of its outreach, the Board will be holding a public roundtable on July 27, 2023 (in English). Register now.

May 24, 2023

AcSB Decision Summary – May 24, 2023

The AcSB discussed its plan to respond to the International Accounting Standards Board’s (IASB) Requests for Information on the Post-implementation Reviews of IFRS 9 Financial Instruments—Impairment (issued on May 30, 2023, with a 120-day comment period) and IFRS 15 Revenue from Contracts with Customers (planned to be issued in late June with a 120-day comment period). The Board approved outreach and communications plans, which include gathering feedback from Advisory Committees and Working Groups, public roundtables, and targeted outreach with representatives from industries heavily impacted by these standards. More information on public events will be shared on our website in the coming weeks.


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 voting process.