IASB publishes statement on IFRS 9 and COVID-19
27 March 2020
The International Accounting Standards Board (IASB)
has published a document responding to questions regarding the application of IFRS 9
Financial Instruments during the period of enhanced economic uncertainty
arising from the COVID-19 pandemic.
The document is intended to support the consistent application of
requirements in IFRSs. Therefore, it highlights requirements within IFRS 9 Financial
Instruments that are relevant for companies considering how the pandemic affects
their accounting for expected credit losses; it does not change, remove nor add to, the
requirements of IFRS 9.
Please click to access the document on the IASB website.