IFRS 9 Financial Instruments is an international accounting standard that addresses the accounting for financial instruments. It covers classification and measurement, impairment, and hedge accounting. It replaces IAS 39 Financial Instruments: Recognition and Measurement. IFRS 9 is commonly used by companies around the world to report their financial performance in a consistent and comparable manner. It affects banks, insurers, and other financial institutions, as well as non-financial companies that hold financial assets or liabilities.
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