IFRS 9 Financial
Instrument
Audit & Reviews
- Statutory / External audit
- Special purpose audit (includes Donor Requested Audits),
- Review,
- Due Diligence,
- Internal control audits according to national regulations & international standards
- Agreed-upon procedures,
- Compilation of reports,
- Conducted Sales Tax Audits as appointed by the C.B.R / FBR (Federal Board of Revenue)
- Firm has also been appointed by Securities and Exchange Commission of Pakistan as inspectors to conduct specialized investigative audits about the affairs of the companies.
IFRS 9 Financial Instrument
IFRS 9, Financial Instruments
– Financial assets and financial liabilities are classified on initial recognition. This classification drives subsequent measurement of the instruments.
– Financial assets are classified as either measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss.
– Reclassifications are permitted only if there is a change in the entity’s business model for holding the financial asset.
– The financial statements should reflect the general pattern of deterioration or improvement in the credit quality of financial instruments within the scope of IFRS 9.
The impairment model in IFRS 9 is based on the premise of providing for expected losses.
Audit & Reviews
- Statutory / External audit
- Special purpose audit (includes Donor Requested Audits),
- Review,
- Due Diligence,
- Internal control audits according to national regulations & international standards
- Agreed-upon procedures,
- Compilation of reports,
- Conducted Sales Tax Audits as appointed by the C.B.R / FBR (Federal Board of Revenue)
- Firm has also been appointed by Securities and Exchange Commission of Pakistan as inspectors to conduct specialized investigative audits about the affairs of the companies.
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Accounting and Financial Reporting
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Internal Audit
Fraud Investigation & Dispute Services
