IFRS 9: Top 5 reasons why IFRS 9 is about process, not accounting

IFRS 9 has created quite a stir in the financial sector because, among other things, it fundamentally shifts the approach entities must take when analyzing loans for impairment. This publication highlights the top five processes and system issues to address in order to successfully adopt the ECL model of impairment and is especially relevant to credit unions, banks and private lenders.