IFRS-9 Implementation Support Service

International Financial Reporting Standard (IFRS-9) requires provisioning to be carried out on the basis of “Expected Credit Losses (ECL)” as against “Incurred Loss Approach”. A-Cra offers IFRS-9 Implementation support services to commercial banks and NBFIs in Myanmar.

The IFRS-9 standard necessitates a “forward-looking” impairment model for the estimation of credit loss provisions by financial institutions.

IMPLEMENTATION STRATEGY :

A-Cra collaborates closely with commercial banks and NBFIs by entering into formal Memorandum of Understanding (MOUs) for smooth implementation of IFRS-9.

Need IFRS-9 Implementation Support?

Get in touch with our team to learn how A-Cra can help your institution transition to IFRS-9 compliant provisioning.