BC4.46 Immediately after issuing the first chapters of IFRS 9 in November 2009, the IASB began an extensive outreach programme to gather feedback on the classification and measurement of financial liabilities, in particular how best to address the effects of changes in the fair value of a financial liability caused by changes in the risk that the issuer will fail to perform on that liability. The IASB obtained information and views from its FIWG and from users, regulators, preparers, auditors and others from a range of industries across different geographical regions. The IASB also developed a questionnaire to ask users of financial statements how they use information about the effects of changes in liabilities’ credit risk (if at all) and what their preferred method of accounting is for selected financial liabilities. The IASB received over 90 responses to that questionnaire.
BC4.47 During the outreach programme, the IASB explored several approaches for classification and subsequent
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