Alfred

IFRS 9

Get set on the path to IFRS 9 compliance through model building or validation

We provide support for all your ongoing compliance tasks

The International Finance Reporting Standard 9 (IFRS 9) requires the recognition of credit loss allowances on initial recognition of financial assets. Under the previous Standard (IAS 39), impairment is only recognised at a later stage when a credit loss event has in fact occurred.

Principa is considered a market leader in matters relating to IFRS 9 and have successfully completed numerous projects since 2016, providing solutions ranging from end-to-end provision model building and execution, to audit support, mentorships and model reviews.

Our Services

IFRS 9 modelling

Our IFRS 9 modelling services include the provision of new models and amendmening existing models.

Audit-support

We support our customers during the audit process, assisting them in addressing the demands placed on them by audit firms. Having participated in several projects that require engagement with a number of different audit firms, we are very familiar with the different IFRS 9-related interpretations and approaches. 

IFRS 9 mentorship

Through our mentorship programme offering, Principa analysts and consultants have navigated many customers through IFRS 9 and its complexities. We train, coach, mentor, review and support our customers, ensuring they develop the necessary skills to become self-sufficient and efficient.

Provisioning model review

Where a customer’s IFRS 9 implementation has already been audited, we offer an additional independent review to ensure that:

  • the solution will pass compliance checks across auditors
  • it adequately represents business needs, providing for the appropriate trade-off between business needs and the conservative application of IFRS 9 principles.

End-to-end solutions

For customers that are new entrants to the local market or a business that requires a comprehensive IFRS 9 solution, we provide the complete end-to-end solution. Our team will manage the entire process, covering all development principles and provision calculations, the supporting models, reporting and governance requirements.

Why use our solutions?

Get in Touch