Papua New Guinea transitions to IFRS 9
Central bank will look to disclose more information around risk exposures
The greatest challenge for the Central Bank of Papua New Guinea’s accounting department will be adhering to the new IFRS 9 regulation, according to the department’s manager.
Speaking on the sidelines of Central Banking’s National Asset-Liability Management Conference in Singapore earlier this month, Danny Ganak said his department was working to ensure improved transparency.
“What we are focusing on now with regard to IFRS 9 is more disclosure,” Ganak says. “This will include improved
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