The board provides insights that the management may lack. For this reason, experienced and exposed people sit on board. Boards are helped by committees which have technical skills and expertise in the subject matter. For IFRS 9, the audit committee of the board plays a critical role in IFRS 9 compliance. The board and its committees must provide guidance to management especially the executive team to help navigate rough waters, identify and optimize opportunities, provide timely and reliable financial information to shareholders. Compliance is one of the key roles of the board. By now, many, if not all companies that…