An emerging issue for Banks in Indonesia is the full adoption of International Financial Reporting Standards (IFRS) in Indonesia. The Indonesian Institute of Accountants is currently considering the timing for the adoption of IAS 39 Recognition and Measurement of Financial Instruments. This is likely to have a significant impact well beyond the obvious consequences in the financial statements and volatility in earnings. The main areas affected by this are risk management, systems, processes, and products.In this publication, we highlight the key issues that need to be considered if IFRS is adopted here as Indonesia transitions towards adopting IFRS.
View/Print (67 KB)
