Papua New Guinea transitions to IFRS 9

Danny Ganak

The greatest challenge for the Central Bank of Papua New Guinea’s accounting department will be adhering to the new IFRS 9 regulation, according to the department’s manager.

Speaking on the sidelines of Central Banking’s National Asset-Liability Management Conference in Singapore earlier this month, Danny Ganak said his department was working to ensure improved transparency.

“What we are focusing on now with regard to IFRS 9 is more disclosure,” Ganak says. “This will include improved

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