Amendments to IFRS 17 – AcSB

Date recorded:

At its meeting on May 15, 2019, the AcSB received an update on international developments of IFRS 17. The IASB is expected to issue an Exposure Draft of proposed amendments to IFRS 17 by the end of June 2019. The AcSB briefly discussed outreach activities it intends to conduct to obtain feedback from stakeholders in mid-July for a forthcoming exposure draft. The Board will be sponsoring a visit from Darrel Scott, an IASB member and IASB advisor on insurance, to participate in the AcSB’s outreach activities. The AcSB Chair, along with representatives from Europe, will be participating on an insurance panel in Hong Kong discussing the implementation and endorsement process. The Board will consider a formal plan to respond to the IASB’s exposure draft at its next meeting.

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

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