{"id":601459,"date":"2019-02-28T03:38:47","date_gmt":"2019-02-28T03:38:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/"},"modified":"2019-02-28T03:38:47","modified_gmt":"2019-02-28T03:38:47","slug":"cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/","title":{"rendered":"CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9"},"content":{"rendered":"

The Central Bank of Egypt has issued guidelines for a previously announced<\/a><\/u> directive requiring banks to begin presenting their financial statements in accordance with the IFRS 9 accounting standards, according to Amwal Al Ghad<\/a><\/u>. According to the guidelines, banks following fiscal year (as opposed to calendar) reporting will be required to comply with the standards starting from June. The guidelines also require banks to temporarily hire an additional auditor.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Egypt has issued guidelines for a previously announced directive requiring banks to begin presenting their financial statements in accordance with the IFRS 9 accounting standards, according to Amwal Al Ghad. According to the guidelines, banks following fiscal year (as opposed to calendar) reporting will be required to comply with the standards […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[204,2372,72,7087],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601459","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-finance","wpautop","entry"],"acf":{"mongo_id":"64f1ee16-4261-4857-9507-6ab862adb1cf","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601432],"teaser":"","voice_url":""},"yoast_head":"\nCBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt has issued guidelines for a previously announced directive requiring banks to begin presenting their financial statements in accordance with the IFRS 9 accounting standards, according to Amwal Al Ghad. According to the guidelines, banks following fiscal year (as opposed to calendar) reporting will be required to comply with the standards […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-28T03:38:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9\",\"datePublished\":\"2019-02-28T03:38:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\"},\"wordCount\":81,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"Finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/cbe-issues-guidelines-for-last-years-directive-requiring-banks-to-follow-ifrs-9\/\",\"name\":\"CBE issues guidelines for last year\u2019s directive requiring banks to follow IFRS 9 - 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