The Department of Assurance and Advisory to Financial Institutions has arranged a webinar titled “Measurement of ECLs under IFRS 9 for Microfinance and Microlending Institutions. Is it Necessary to Revise the Methodology due to COVID-19?”.
Maksim Chikishev, the Head of Advisory to Insurance Companies, and Dmitriy Popov, a Senior Expert, spoke about the classification and measurement of financial assets, credit risks and allowances for expected credit losses, as well as requirements to disclosures in the financial statements.
Recordings of all webinars are available in the Events section of our website where you can find materials useful for businesses during lockdown restrictions.
You can watch the video recording here https://youtu.be/DrK45qYfqHI