Dhaka, Oct. 22 -- The country's accounting professionals have called for adoption and effective implementation of International Financial Reporting Standard (IFRS) 9, citing its critical role in restoring public trust and ensuring greater transparency in the country's banking sector.

They also underscored the need for robust modelling, reliable data systems, and stronger coordination between risk and finance functions to meet global financial reporting standards.

By building technological resilience, reinforcing governance, and investing in data infrastructure, banks can not only ensure compliance but also strengthen their overall financial and operational sustainability, they said at a Webinar on Tuesday.

The Institute of Chartered Ac...