Comparative Analysis of IFRS 9 Implementation in Kazakhstan and Other Emerging Economies

Abstract

The study explores the implementation of International Financial Reporting Standard (IFRS) 9 in Kazakhstan's banking sector, comparing it with other emerging economies. IFRS 9, which addresses the classification, measurement, and impairment of financial instruments, has significantly impacted financial reporting and risk management practices globally. This research examines the key challenges, successes, and unique characteristics of IFRS 9 adoption in Kazakhstan, highlighting differences and similarities with peer economies. Special attention is given to the Expected Credit Loss (ECL) model, regulatory support, and institutional capacity in ensuring compliance. The findings contribute to understanding the effectiveness of IFRS 9 in enhancing financial stability and transparency in emerging markets and provide recommendations for improving adoption practices in Kazakhstan and similar economies.