Financial Services Ireland

IFRS 9 Developments

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IFRS 9 Developments

Following its inaugural meeting last December, the Transition Resource Group for Impairment of Financial Instruments (ITG) met on 22 April 2015 to discuss eight implementation issues raised by stakeholders on the new impairment requirements in IFRS 9 Financial Instruments. This IFRS Developments tells you what you need to know about the issues discussed by the ITG including:

  • The implementation issues and highlighted challenges. The IASB will determine whether action will be taken in respect of each issue. 
  • As the ITG does not vote on the issues discussed, consensus is not required, nor does the ITG issue guidance. 
  • The IASB is expected to provide a summary of the implementation issues discussed by the ITG. A number of the points raised may prompt other issues being identified for discussion at the ITG meetings currently planned for 16 September and 11 December 2015.

Please click the below link for the full publication.

Martina Keane

IFRS, Solution Leader
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The ITG discusses IFRS 9 impairment implementation issues