Breakfast Briefing "IFRS9 is now live - What role should the Board and Audit Committee play?"
Although the impact of IFRS 9 Financial Instruments is monumental for banking institutions, virtually all
other entities have some form of financial instruments on their balance sheet, and therefore need to
consider the impact of IFRS 9 relative to their current accounting under IAS 39.
Despite being an accounting standard, its implementation should be on everyone’s agenda and not be
considered as a pure accounting or compliance exercise. This is particularly important for entities that
hold a significant amount of financial instruments for which the disruption could be quite substantial and
where the implementation may present a number of challenges.
In this continually changing environment, board and audit committee members need more than ever to
stay abreast of developments and consider how they impact their entities. Early and comprehensive
oversight by the board and audit committee in the development of an IFRS implementation program can
help ensure the program has the appropriate level of management’s attention.
During this event, EY panellists will present how far reaching IFRS 9 can be, explore some of the key
issues faced by entities in implementing IFRS 9 and highlight the roles and responsibilities of those
charged with governance in this process.
Join our subject-matter professionals as they present:
- Transition to IFRS 9 – What should you know?
- IFRS 9 goes beyond accounting
- IFRS 9 in the spotlight – What regulators and auditors do expect?
- What questions should be asked by Board and Audit Committee?