The International Accounting Standards Board (IASB) has published a document
responding to questions regarding the application of IFRS 9 Financial
Instruments during the period of enhanced economic uncertainty arising from
the COVID-19 pandemic.
The document is intended to support the consistent application of requirements in IFRSs.
Therefore, it highlights requirements within IFRS 9 Financial Instruments that
are relevant for companies considering how the pandemic affects their accounting for
expected credit losses; it does not change, remove nor add to, the requirements of IFRS