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Technical Bulletin number 001/2020 on IFRS 9 VIS A VIS COVID 19

Technical Bulletin number 001/2020 on IFRS 9 VIS A VIS COVID 19

The IFRS 9 standard has been adopted internationally as the standard to establish principles for the financial reporting of financial assets and financial liabilities by all entities to all types of financial instruments. The standard needs to be applied consistently across all territories including Zambia to ensure that financial statements are consistent and comparable across jurisdictions. In this regard, Zambia Institute of Chartered Accountants (ZICA) is not able to make any modification to the IFRS standard.

In light of the above, financial institutions need to ensure that they continue to adhere to the requirements of the IFRS 9 standard as this will ensure …. Read more

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