CBE Publishes Q&A on the Pre-Implementation of IFRS 9
CBE published a set of questions and answers (Q&A) on the pre-implementation of IFRS 9. The Q&A is based on bank inquiries about the circular on the regulation related to the implementation of IFRS 9; this regulation was published on January 28, 2018. The key topics covered in the Q&A document include measurement of certain financial instruments, significant increase in credit risk, risk reserve for IFRS 9, and internal assessment of capital adequacy.
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Keywords: Middle East and Africa, Egypt, Accounting, Banking, IFRS 9, Q&A, CBE
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