Released 30 September 2021
The International Accounting Standards Board (IASB) is requesting feedback as part of the post-implementation review of the classification and measurement requirements in IFRS 9 Financial Instruments.
The Board issued the completed version of IFRS 9 in 2014 combining the classification and measurement, impairment and hedge accounting phases of its project to replace and improve on IAS 39 Financial Instruments: Recognition and Measurement.
IFRS 9 specifies how a company is required to classify and measure financial assets and financial liabilities as well as some contracts to buy or sell non-financial items. IFRS 9 has been in effect since 2018.
The request for information seeks information on the classification and measurement requirements in IFRS 9 and related disclosures. Reviews of the standard’s impairment and hedge accounting requirements will follow later.
More information can be found at: https://www.ifrs.org/news-and-events/news/2021/09/iasb-seeks-stakeholders-views-on-ifrs-9-review/