Day: August 16, 2019

How to provision for credit impaired assets under IFRS 9

During an IFRS 9 modelling assignment at one of our clients, a financial institution; the Head of Credit asked; “summitIFRS 9 team, how should the bank impair financial assets that are credit impaired after the initial recognition?” To answer the Head of Credit, we referred to paragraph 5.5.13 of the IFRS 9 Standard provides guidance …

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Summit Consulting Limited Training in IT Security Awareness and Risk Management

This is to confirm that Summit Consulting Limited represented by Mustapha B. Mugisa, Peter Magemeso and Jimmy Haguma worked with Exim Bank (Uganda) Ltd. to help strengthen our IT Security Awareness and Risk Management expertise through ICT staff training. Summit Consulting Limited exceeded our high expectations specifically with the rapport Summit Team had with all …

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