Since the introduction of IFRS 9 and FRS 102, the financial services sector has been subjected to a new series of challenges. One of these is in the area of income recognition and how a firm amortises fee income, fee costs and interest over the life of a product, to calculate the Effective Interest Rate (EIR).
Whistlebrook will be hosting an EIR Webinar to explore the challenges and risks of addressing this complex area with spreadsheets.
It is our intention to involve an industry expert from one of the leading auditors, who will identify some of the inherent risks of using a spreadsheet approach.
At the end of the webinar, Whistlebrook will give a brief demonstration to highlight the features and benefits of using their product.
Further details about the webinar will be issued shortly, if you would like to receive these, please register your interest by clicking here.