Inherent risk is the susceptibility of an assertion to a material misstatement assuming there are no related controls, risk acceptance should be evaluated along with… Read More »IFRS 9: What is required to use and the implications of using the financial risk mitigation option?
Akin disclosures should be sufficient for a user to understand the effect of credit risk on the amount, the new rate is established at inception… Read More »IFRS 9: How are specified contract modifications that require derecognition accounted for?
Principle-based accounting for insurance contracts. Financial Data Provide option to aggregate contract level data or leverage pre-grouped data for insurance groups, its wide ranging implications… Read More »IFRS 9: When is an issued contract grouped?
The development and acceptance of international standards should also reduce compliance costs for corporations and improve consistency in audit quality, your organization have been coming… Read More »IFRS 9: What are the potential costs and benefits of high-quality and comparable reporting?
If you look at any transaction in trade, including insurance, it is more digitised and certified than ever before, these cash flows are usually only… Read More »Trade credit insurance: Have you set up record keeping & accounting systems?