IFRS 9: SOME THOUGHTS ON GOVERNANCE

摘要

As readers know only too well, both IFRS 9 Financial Instruments and the US Financial Accounting Standards Board's (FASB) Current Expected Credit Loss Model (CECL) are principles-based. While plenty of regulators follow the principles-based logic provided by the International Accounting Standards Board (IASB) and FASB, it is subject to change to allow the basic principles of the accounting framework for both standards.