From incurred to expected—two years to go

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Feb 19, 2016

On February 19, 2016, the IFRS Foundation released its latest video in Debrief series where Sue Lloyd, Member of the International Accounting Standards Board, explains the background to IFRS 9 and its different components – and gives an update on what has happened in the period since the Board completed the Standard in 2014.

Focusing on the impairment element of the Standard, it also covers how the accounting for loan loss provisioning will change from an incurred to an expected loan loss model and gives an update on how the Standard relates to activity by other organizations such as banking regulators.

Watch the video on the IASB's Web site.

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