Get Ready for IFRS 9: Issue 2 - The Impairment Requirements

Financial Reporting Standards

This Accounting Alert is issued to provide update on all things relating to International Financial Reporting Standards (IFRS) 9, Financial Instruments. Grant Thornton International Ltd has published Get ready for IFRS 9 - the impairment requirements, the second in a series of publications intended to get entities ready for IFRS 9.

IFRS 9 (2014), Financial Instruments fundamentally rewrites the accounting rules for financial instruments. While the Standard is not effective until 2018, companies really need to start evaluating its impact now. In this issue, we bring you up to speed with the Standard's new expected credit loss impairment model.

See attached document for the details of this publication.

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