Considerations on the Profile of Respondents to the Comment Letters Submitted for IFRS 9 Financial Instruments. Phase 1 and 2

The paper examines the profile of the respondents to the exposure drafts published by the IASB as part of the IFRS 9 „Financial Instruments” project – phase 1 and 2. The analysis of the 650 comment letters submitted showed that preparers (consisting of financial institutions and their trade associations and also non-financial corporations and their trade associations) were the most active group of stakeholders, even though the accounting profession and the regulators were also very interested. The users had a low rate of participation in all 3 documents analyzed. The geographic analysis showed a 2-continent battle between Europe and North America with the Europeans submitting the greatest number of letters for the ED/2009/7 and ED/2009/12 and the North-Americans surpassing them in reponses for the SD/2011.