Month: February 2026

The adoption of International Financial Reporting Standards (IFRS) in Tanzania in July 2004 marked a significant milestone in improving financial reporting, transparency, and comparability across reporting entities. A major evolution within this framework came with the issuance of IFRS 9 – Financial Instruments by the International Accounting Standards Board (IASB) in July 2014, replacing IAS […]

As Bangladesh navigates its transition toward “Smart Bangladesh 2041” and prepares for its 2026 graduation from Least Developed Country (LDC) status, its financial sector is facing a moment of reckoning. While digital banking and Mobile Financial Services (MFS) have seen explosive growth, a deeper structural issue remains: significant data gaps. These gaps defined by missing, […]

The landscape of financial reporting in Bangladesh is standing on the precipice of a seismic shift. As the nation eyes a “Smart Bangladesh” by 2041 and deeper integration with global capital markets, the transition to IFRS 9 (Financial Instruments)—locally adopted as BFRS 9—is no longer a choice, but a strategic imperative. For decades, the Bangladeshi […]

The landscape of financial reporting in Bangladesh is changing with the adoption of IFRS 9. This standard introduces the Expected Credit Loss (ECL) model, replacing the old incurred loss approach. Scheduled banks are now required to prepare for a forward-looking provisioning system, in line with Bangladesh Bank regulations and global accounting standards. Below are the […]

The implementation of IFRS 9 in Bangladesh represents more than an accounting change—it is a transformation of risk culture. For 2026, the Financial Reporting Council (FRC) and Bangladesh Bank have signaled that “approximate calculations” are no longer sufficient. Auditors are now focusing on four critical pillars of compliance. 1. The Validity of the Three-Stage Model […]