Asia lags in IFRS 9 compliance, but corporates escape some of the pain
Almost 40% of financial institutions are struggling to meet the January deadline to implement IFRS 9, a survey shows. Only a third are fully prepared.
Corporates in Asia Pacific are in a strong position to meet the deadline to comply with new IFRS 9 accounting standards – but only because the financial instruments they use are relatively simple, a new survey has found.
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