For any financial institution, it is essential to be compliant with both federal and international accounting standards. Not only do such accreditations establish your organization as an authority in the industry, but they also keep your practices updated and working within legal regulations. That being said, a major challenge to maintaining compliance is the fact that accounting standards are constantly changing. With the recent shift of the now-defunct International Accounting Standards 39 (IAS 39) to International Reporting Standards 9 (IFRS 9), there are new requirements that must be met once more. Perhaps one big difference between IAS 39 and IFRS…
What Your Organization Needs to Know to Achieve IFRS 9 Compliance
What Your Organization Needs to Know to Achieve IFRS 9 Compliance
