IFRS 9 fundamentally rewrites the accounting rules for financial instruments. A new approach for financial asset classification is introduced, and the now discredited incurred loss impairment model is replaced with a more forward-looking expected loss model. As well as the impact on reported results, many businesses, particularly businesses in banking sector, will need to collect and analyse additional data and implement changes to systems. Certain key areas of the new IFRS 9 include:
A wider culture of inclusion championed from the top is needed to create change. Business needs to focus on the vital role leadership and culture can play in creating real progress in gender balance. We have learnt that initiatives to fix women into the existing way business operates miss the real opportunity of diversity in the workplace.
When we focus on creating inclusive environments based around shared purpose and collaboration we start to see a shift.
Those that fail to create such diverse teams will find they are not just losing talent — they are losing business too. However, the data shows no clear correlation between which, and how many, policies businesses have in place and the gender diversity of their senior management teams.
No single policy seems to drive gender diversity, and the regions in which businesses have most policies in place — Africa, the EU and North America — demonstrate very different levels of gender diversity in business leadership. Recruitment and retention are strategic priorities for businesses, and gender equality in leadership has become a core element of company branding.
Businesses who are succeeding are those whose policies and practices are rooted in a genuine conviction of the benefit of diversity. Leaders must champion the cause and create inclusive cultures in which a wide range of voices are listened to and where every individual can flourish if we are ever to see real change.Grant Thornton offices in Puerto Rico - offering Audit, tax and advisory services.
BUSINESS LEADERS in the Philippines remain among the world’s most optimistic about the economy’s overall outlook, according to a quarterly survey which advisory service provider Grant Thornton conducted among 2, respondents across 36 economies in May-June last year.
A summary of findings of Grant Thornton’s International Business Report . Feb 24, · Behind the headlines - conspiracies, cover-ups, ancient mysteries and more. Real news and perspectives that you won't find in the mainstream media.
Grant Thornton Cambodia – considering business models and forward-looking information Grant Thornton Cambodia CEO & Partner Ronald C. Almera The International Accounting Standard Boards (IASB) decided to replace IAS 39 with IFRS 9 Financial Instruments in response to strong criticisms of that Standard in the aftermath .
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