HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL) IFRS 9: Accounts receivable valuation audit assertion

[@dd5944]

please dont stop. continue . I Will share with my audit team

[@efiwecpa]

Thank you. 😊

[@ogundelevictor6744]

Thank you for putting this very useful content here for free. You are a great teach with the way you simplify the concept. Thank you

[@efiwecpa]

Thank you! 😊 🙏

[@renniekufakunesu6254]

You just saved a life!!! Literally!

[@efiwecpa]

😃😃😃 Glad to hear. Thanks 🙏

[@sampongfred1118]

Welcome back. You are missed

[@efiwecpa]

Thank you!!

[@akinwumiayodeji2621]

Welcome back Efiwe

[@efiwecpa]

Thank you!

[@debarunkumer2019]

Please share the Excel file with your calculations for practice. Thanks

[@jnkvngz2965]

excellent video!

[@efiwecpa]

Thanks!!

[@islamaroudtheworld]

great !

[@amadurrehman849]

can you please make a video on JE Testing ?

[@efiwecpa]

Will look into that. Thanks

[@victorynyarkoh5534]

Please in calculating the historical rate, assuming you went as far back two years and you had a bad debt in the first year for a particular bucket but in the subsequent period there is no bad debt for that bucket. How do you calculate the credit loss for the current year you are auditing?

[@efiwecpa]

If you went as far back 2 to 3 years then you would determine the loss rate for each of the years, and once done, you would combine the rates and determine the average. The average rate will be applied to the current year for that particular bucket.

[@kanishktuplondhe8501]

Please share the Excel File

[@dd5944]

please do. ECL for investment .

[@efiwecpa]

I'll look into this. Thanks

[@mickkorrawit2386]

How to make guideline that is not a guideline? // IFRS: yes