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Amendments to IFRS 17 – AcSB

Date recorded:

At its meeting on March 3-4, 2020, the AcSB received an update on international developments relating to this project. The AcSB is focused on achieving a common global adoption date for these amendments to IFRS 17. The AcSB explored what options could be available to support achieving a common global adoption date. The Board will discuss these further after the IASB’s meeting on March 17-19, 2020.

The AcSB also discussed its endorsement process for the IASB’s amendments to IFRS 17, as it expects the amendments to be issued mid-2020. IFRS 17, as endorsed by the AcSB and incorporated in the CPA Canada Handbook – Accounting, is currently effective for annual reporting periods beginning on or after January 1, 2021. Therefore, the Board plans to complete its endorsement of the amendments to IFRS 17 as issued by the IASB before the end of 2020.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.