A comparative analytical study of the International Financial Reporting Standard No. (9) and the orientations of the Central Bank of Egypt.

Document Type : Original Article

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Accounting Department Faculty of Commerce Alexandria University Alexandria Egypt

Abstract

The objective of this study is to compare IFRS 9 with the rules of preparing the financial statements of the Central Bank of Egypt, with reference to the proposed framework of the Financial Accounting Standards Board. And To achieve the objective of the study will be Clarified the measurement and disclosure requirements in accordance with IFRS 9, The requirements of Egyptian financial accounting standards, the reality of actual practice in Egyptian banks and the directives of the Central Bank of Egypt in the field of accounting for loan losses, And the accounting studies on the benefits and benefits of the new model presented in IFRS 9, the problems and difficulties faced by the banking sector when applying this standard and the complex parts of the new standard, which require accountants to exercise high professional judgment which may require detailed guidance and special supervision Of the Central Bank, especially in developing countries where the level of qualification of accountants and auditors is low.

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