Impact of COVID-19 on IFRS financial statements of financial sector institutions

The COVID-19 created an exceptional and uncertain economic environment with significant impact on the financial sector, throwing down challenges to financial institutions in preparing their financial statements.

During the webinar Malgorzata Pek – Partner, Audit and Advisory for Financial Sector and Joanna Orłowska - Director, Audit and Advisory for Financial Sector at Mazars in Poland analyzed the potential implications of COVID-19 on IFRS financial statements of financial sector institutions.

Watch the recording of the webinar

Agenda:

  1. Impact of COVID-19 under IFRS 9  1.1. Overview of the EU regulators’ publications  1.2. Impact on ECL  1.3. Loans’ payment moratoria
  2. Rent concessions under IFRS 16
  3. Other IFRS vs COVID-19
  4. Impact of COVID-19 on disclosures

The webinar was addressed to key personnel, including Management Board members that are responsible for finance, credit risk and reporting of such financial institutions as banks, brokerage houses, asset management, leasing and factoring companies, as well as auditors and anyone interested in the subject.

The webinar took place on 20th May 2020.

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