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.