Companies seeing red - Fincos rack up multibillion-dollar losses under double whammy of COVID and IFRS

… the International Financial Reporting Standards, IFRS. It’s why financial companies … year’s ­levels. Clearly, under IFRS rules, we have to account … for that,” Peart said. IFRS 9, which was introduced in … https://world.einnews.com/article/518309969/_-YaVLxcq8BvSDHW?ref=rss&ecode=yd6-L7lF9BUJiogl