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As financial institutions prepare to comply with the International Accounting Standard Board’s International Financial Reporting Standard 9 (IFRS 9), they’ll face myriad challenges, considerations and decisions. The objective is to identify the most efficient and cost-effective path for meeting IFRS 9’s January 1, 2018 deadline and, just as importantly, doing so with as little impact to profitability as possible. In this Q&A, FICO addresses common IFRS 9 compliance questions, giving institutions a sense of the details involved as well as key considerations.
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