[Impact of COVID-19 onto Measurement of Expected Credit Losses]

The Malaysian Accounting Standards Board (MASB) issued a statement under MFRS 9, Financial Instruments which is related to considerations in measuring expected credit losses due to the pandemic COVID-19. MFRS 9 required all the entities to assess potential scenarios that involved general deterioration in credit risk. The assessment of general deterioration in credit risk should consider both quantitative and qualitative factors.

Want to know more about the estimation and disclosure of expected credit losses? Click the given link and find out the answer:

https://home.kpmg/my/en/home/insights/2020/03/impact-of-c-19-when-measuring-ecl.html

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