Tag Archives: COVID19

IFRS 9: Spike in Loss Allowance expected for Big 6 Canadian Banks!

By Musabbir Mazhar The Big 6 Canadian Banks should begin to show increased Loss Allowance for Expected Credit Losses in the Q2 2020 Earnings release scheduled starting tomorrow, 26th May 2020. If there is anytime when the significant Accounting Standard changes brought by IFRS 9, Financial Instruments, would be felt most, it is now! One […]

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