i9 Partners is a specialist provider of IFRS 9 Expected Credit Loss (ECL) measurement solutions with an experienced multi-disciplinary team of credit risk, modelling, and automation experts. We provide our clients with a full expert report in plain language, that includes all the necessary IFRS 9 and audit requirements and is designed to facilitate approval by CFO’s, Audit and Risk Committees (ARC) and the Auditors.
We calculate Expected Credit Losses (ECLs) on all categories of financial assets, with the common items being trade receivables, loan portfolios, inter-company loans and guarantees. Our solutions are designed for use by large corporates to smaller companies, public sector entities, smaller financial institutions, and auditors.
i9 Partners has a strategic partnership with Moody’s Analytics, the leading global provider of credit risk measurement tools to apply their best of class risk measurement and IFRS 9 suite of software to South African corporates. This includes benchmarking and measurement tools derived from their credit research database that includes over 1 million sets of South African financial statements.
You need to know that measurement bases and calculations stand up to scrutiny. Our deep analysis and expertise provide real insight into your credit risk and eliminates the risk of error and the effort of in-house preparation and ensure you get it right first time.
We ensure the correct and most efficient techniques for measuring each asset class or material balance are used. We maximise efficiency by marrying technical expertise with the high level of automation that we have developed over the hundreds of trade receivables books and thousands of loans for which we have measured ECL’s.
You and your auditors will have our proven expertise on tap. Our audit accepted expert report delivers considered and justifiable conclusions and our focus is on getting you seamlessly through the audit.
Companies provide us with a high-level understanding of their requirements through our online assessment form, which only takes a few minutes.
We have a standard reciprocal NDA which we ask clients to sign for us all to share information freely.
We will also share a more detailed information requirement document which will allow us to perform a realistic assessment of your requirements and a cost estimate.
Once engaged, we brief clients on “readiness” requirements and schedule the information gathering process as well as define the required deadlines.
Projects typically take 2 – 3 weeks to complete from when we receive all the required data. We present our measurement numbers in a report suitable to take to your board (if necessary) as well as the auditors.
We provide a full expert report that includes the basis of our calculations, major assumptions and considerations for both interim and final numbers, that is designed to facilitate approval by CFO’s, Audit and Risk Committees (ARC) and the Auditors. We spend time with your auditors explaining our peer reviewed and audit approved methodologies as well as the expert judgements required.
The report will also provide clients with justification for their new S11j income tax allowances as the old bases for debtors’ provisions are no longer allowed by SARS if IFRS is applied.