IFRS 9: Financial Instruments
Classification and measurement of financial instruments, expected credit loss (ECL) impairment model, and hedge accounting.
Why IFRS 9 matters
ECL is the model-driven impairment regime for receivables, loans, and debt investments. Lenders and fintechs are heavily exposed; even non-financial issuers must support ECL on trade receivables.
Framework: International Financial Reporting Standards (IFRS)
IFRS are issued by the IFRS Foundation and used by Canadian publicly accountable enterprises as required by Part I of the CPA Canada Handbook. Auditors test whether the financial statements comply with IFRS as issued by the IASB.
Primary source: IFRS Foundation
Frequently asked
What is IFRS 9?
Classification and measurement of financial instruments, expected credit loss (ECL) impairment model, and hedge accounting.
Why does IFRS 9 matter for an audit?
ECL is the model-driven impairment regime for receivables, loans, and debt investments. Lenders and fintechs are heavily exposed; even non-financial issuers must support ECL on trade receivables.
Which framework does IFRS 9 belong to?
IFRS 9 falls under International Financial Reporting Standards (IFRS). IFRS are issued by the IFRS Foundation and used by Canadian publicly accountable enterprises as required by Part I of the CPA Canada Handbook. Auditors test whether the financial statements comply with IFRS as issued by the IASB.
Related standards — International Financial Reporting Standards (IFRS)
See how Auditus checks IFRS 9
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