Details

Service: Audit
Industry: Financial Services, Banking
Type: Business and industry issue
Date: 4/15/2011

IFRS Banking Newsletter – Issue 1, April 2011

The Bank Statement is KPMG’s IFRS Banking Newsletter produced by the International Standards Group and IFRS banking specialists around the KPMG network. It is a quarterly publication that provides updates on IFRS developments directly impacting banks, considers accounting issues affecting the sector, and discusses potential accounting implications of regulatory developments.

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In this issue:

IFRS 9 Financial Instruments – how is the standard developing and what does it mean for banks?
Exposure Draft: Offsetting Financial Assets and Financial Liabilities –how would the proposals change the reporting?
Bank levies – what is currently being proposed and what should banks consider in the area of levy accounting?

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