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Impairment of financial instruments under IFRS 9 Financial Instruments
Accounting for expected credit losses has required many entities especially banks, to make significant changes to their systems and processes.
This publication draws on our experience from working with clients around the world and includes guidance from the International Accounting Standards Board, its Transition Resource Group for impairment of financial instruments, and banking regulators. It discusses the forward-looking expected credit loss (ECL) model as set out in IFRS 9 Financial Instruments.