Second GPPC paper on the auditor’s response to the risks of material misstatement posed by estimates of expected credit losses under IFRS 9

Publication date: 28 Jul 2017

The introduction of the requirement to estimate expected credit losses (ECLs) under IFRS 9 Financial Instruments is one of the most significant changes to financial reporting by banks. A Please note: This link will open in a new browser windownew paper from the Global Public Policy Committee (pdf, 322kb) has been issued to promote high quality audits of the accounting for expected credit losses by systemically-important banks (SIBs) and to assist audit committees in assessing the effectiveness of auditor’s response to the risk of material misstatement.

 
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