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Amendments to IFRS 17 – AcSB

Date recorded:

At its meeting on July 17, 2019, the AcSB received an update on international developments relating to IFRS 17 Insurance Contracts. The Board discussed the proposed amendments to the standard in preparation for its outreach activities with IASB member, Darrel Scott. These activities included:

  1. hosting a panel discussion on July 18, 2019, featuring Mr. Scott and other experts from the financial reporting community (a video recording is available);
  2. consulting with the Board’s Insurance Transition Resource Group; and
  3. undertaking targeted outreach with Canadian stakeholders. The AcSB will also hold two virtual roundtables on September 5 and 11, 2019, for Canadian stakeholders across Canada to provide input on the proposed amendments to IFRS 17.

Review the Executive Summary on the AcSB's Web site.

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