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IFRS 9 and complexity in financial reporting

Posted: Wednesday 03 March 2010 by Bright Amisi
Replies : 1
Keywords: complexity, Financial Instruments, IFRS 9
I am busy with a research project on how IFRS 9 has reduced complexity in reporting financial assets. I am particularly interested in your understanding of complexity, its causes and what contribution IFRS 9 has made? Is early adoption taking place, what else can be done etc?

IFRS 9

Posted by Nick Topazio on Monday 15 March 2010 09:32

On the subject of understanding complexity in Corporate Reporting you might be interested to read CIMA's report 'Complexity, Relevance and Clarity of Corporate Reporting : Views of FTSE 350 Directors'.

In addition please note the IFRS 9 has not yet been endorsed for use in Europe and so there is little possibility of early adoption here.  However, Japan, Australia and New Zealand are pressing ahead and early adoption will be available in these territories.  See the AA article