
Dan Taylor
Failing to implement IFRS 9 adequately could lead to profit warnings, delays in lodging financial statements, qualified audit reports and even a loss of investor confidence and sharp falls in share price.
IFRS 9 may also change amounts reported in financial statements with knock on effects on bonuses or earn-outs linked to revenue or profit, finance charges where interest rate margins are linked to key ratios, and breaches of bank covenants.
Our expert team will carry out a robust and independent impact assessment of all the possible effects of IFRS 9 on your business. We want you to be confident that you are taking all the necessary steps and that your business is ready for IFRS 9.
We will also provide advice and guidance on any aspects of IFRS 9 that may be of particular concern or relevance to your business. Please get in touch to discuss how we can help.
For further details of how we can help, view our Financial Reporting Solutions page.
We have produced a comprehensive range of information and documents to help you understand and prepare for IFRS 9.
IFRS 9 Financial Instruments introduces new requirements that will affect entities across all industry sectors, not just those in financial services. It is applicable for periods beginning on or after 1 January 2018, but earlier adoption is permitted. IFRS 9 replaces IAS 39.
The following guides and publications provide useful information and advice on IFRS 9 and its key features:
Videos which explore various aspects of IFRSs are available to view on the BDO IFRS YouTube channel.
Dan Taylor
Mark Spencer
Graham Ellis