Changes to IFRS 9: How will the new accounting rules impact your ability to declare dividends?
June 01, 2017
Though Boards of Directors have many important responsibilities, one of their most critical functions is ensuring they understand and remain up-to-date on accounting standards that will impact the private lending industry. To ensure proper corporate governance, Boards must also ensure they stay current on changes to accounting standards that will impact the way lenders monitor their portfolio for potential losses.
To help Board members achieve this function, we've outlined the legal requirements a private lender should follow when declaring a dividend. We've also provided an overview and insight into the following:
- Changes to accounting standards that will have a significant impact on the private lending industry
- When a Mortgage Investment Corporation can issue a dividend
- Changes to accounting for impairment losses
- Measuring expected credit losses
To learn more about IFRS 9 changes and how it could impact your corporation, download our full report.