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Accounting implications of COVID-19 on the calculation of expected credit losses in accordance with IFRS 9

27 Mar 2020 16:30 | Anonymous
In order to ensure consistency in the application of IFRS 9, the Malta Financial Services Authority (MFSA) has drawn attention to the Public Statement issued by the European Securities Markets Authority (ESMA) on 25th March, 2020 which specifically addresses the considerations that have to be made when accounting for economic support and relief measures.
 
Kindly refer to the circular by MFSA and the details on the accounting implications here.


               

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