Even a decade after the financial crisis of 2008/2009, executives across the globe are continuing to see changes to financial reporting and business processes. As a direct result International Financial Reporting Standards IFRS 15 (revenue recognition) and IFRS 16 (Leases) are top of mind for most CFOs and their teams today.
But the scope of the changes is even larger. In an effort to avoid future pitfalls like the Lehman Brothers collapse, IFRS 9 Financial Instruments is being introduced to more effectively and transparently evaluate financial risk – and the deadline is swiftly approaching.
