Post-Implementation Review of IFRS 9 – Impairment and Expected Credit Loss (ECL) Models: Challenges and Insights
IFRS 9, introduced by the International Accounting Standards Board (IASB), represents a significant shift in financial reporting by replacing the incurred loss model with the Expected Credit Loss (ECL) model. The ECL model requires financial institutions to forecast potential credit losses and recognize them in financial statements earlier, even before a loss event has occurred. […]