BDO releases IFRB 2020/09 – Impairment Implications of COVID-19 (IFRS 9)
11 June 2020
BDO has just published an IFR Bulletin discussing the implications of COVID-19 on the expected credit loss (ECL) requirements of IFRS 9, which is particularly important for lending entities. This bulletin highlights a number of important considerations, including how to determine whether post-balance sheet date information should be incorporated into ECL measurement, how COVID-19 affects the staging of financial assets and other effects of the pandemic on ECL measurement.
The publication may be accessed here.