Day: November 22, 2019

Measurement of credit loses on credit impaired assets

Ultimate Sacco, well-governed microfinance adopted IFRS 9 at the start of 2019 to align her provisioning to best industry practices. At the time of adoption, Sacco’s loan book was performing well indicated by the few days in arrears on most clients. By the close of the third quarter of 2019, loan performance deteriorated. The Sacco …

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What challenges do you encounter during a cyber attack as a CEO of an organization?

With the new technology enhancements in the world today, it has brought about more sophistication of cybercriminals and it has given rise to increased rates of Cyber Risk to any organization as well as to individuals and the impacts keep rising which give more pain and responsibilities to the company-wide decision-makers (CEOs, MDs) In the …

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