Request for Information Post-implementation Review of IFRS 9 Financial Instruments Classification and Measurement

Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB) of IFRS Foundation. IASB conducts Post-implementation Review (PIR) of already issued IFRS Standards to identify whether these Standards provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standards; and whether unexpected costs have arisen in connection with applying or enforcing the standards. The Accounting Standards Board (ASB) of ICAI with the aim to provide an opportunity to various stakeholders in India to participate in the International Standard-setting stage, invites comments on the consultative documents issued by the IASB.  At present Request for Information: Post-implementation Review of IFRS 9—Classification and Measurement issued by IASB is open for comments.

IFRS 9 Financial Instruments sets out the requirements on how an entity classifies and measures financial assets, financial liabilities, and some contracts to buy or sell non-financial items. The IASB’s project on improvements to the accounting for financial instruments was divided into three stages (classification and measurement, impairment, and hedge accounting). The IASB has started review of IFRS 9 by looking at the classification and measurement approach.

In this regard, stakeholders are requested to provide the feedback about implementation of classification and measurement provisions of Ind AS 109 (corresponding to IFRS 9). The above mentioned Request for Information has been hosted on the website of the ICAI for public comments. 


How to comment:



Click on "Submit a comment Comment Letter" below (Preferred method)                 


Comments can be sent to: 


Secretary, Accounting Standards Board, 

The Institute of Chartered Accountants of India, 

ICAI Bhawan, Post Box No. 7100,  

Indraprastha Marg, New Delhi 110 002 


Further clarifications may be sought by e-mail to

Comment letter deadline

The Exposure Draft is open for comment until 10th December, 2021

Due process documents
Request for Information Post-implementation Review of IFRS 9 Financial Instruments Classification and Measurement  [PDF]