Amendments to IFRS 17 – International Accounting Standards Board
Date recorded:
At its meeting on January 30, 2020, the IASB met, discussed the feedback on its Exposure Draft and made tentative conclusions with respect to the following items:
- the scope exclusion from IFRS 17 for some credit card contracts;
- transition—the prohibition from applying the risk mitigation option retrospectively;
- business combinations—contracts acquired in their settlement period;
- interim financial statements; and
- asset for insurance acquisition cash flows—transition and business combinations.
At future meetings, the Board will redeliberate the remaining topics for discussion in response to the feedback on the Exposure Draft.
Review the IASB Update and podcast on the Board's Web site.
