HOW TO AUDIT EXPECTED CREDIT LOSSES (ECL) IFRS 9: Accounts receivable valuation audit assertion 

In this video, we are continuing the series on auditing financial instruments. This video focuses on the impairment of financial assets using the Expected Credit Loss (ECL) model. ECL is an important concept when auditing the valuation assertion for accounts receivable. I will walk you through the IFRS 9 standard on financial asset impairment.