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July 2017Auditing IFRS 9 Considerations for audit committees of systemically important banksAudit committees of banks are expected to play an oversight role as banks adopt IFRS 9. Expectations of
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Auditing IFRS 9 involves evaluating the financial statements of an entity to ensure compliance with International Financial Reporting Standards (IFRS) 9.
Entities that are required to prepare financial statements in accordance with IFRS 9 must also undergo auditing of their financial statements.
Auditing IFRS 9 involves reviewing the financial statements, assessing internal controls, verifying financial information, and issuing an auditor's opinion.
The purpose of auditing IFRS 9 is to provide assurance to stakeholders that the financial statements are presented fairly and in accordance with IFRS 9.
Auditing IFRS 9 requires reporting on the entity's financial position, financial performance, cash flows, and accounting policies.
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