Article on IFRS 17 preparations published
Jun 11, 2018
On June 11, 2018, the International Accounting Standards Board (the Board) posted to its website an article "Preparing the market for IFRS 17," in which financial journalist Liz Fisher discusses how the new Standard affects the investor community.
The article noted the "seismic change" IFRS 17 is expected to have on insurance companies as well as the user community. Though implementing the Standard may be turbulent, Ms. Fisher emphasized it's impact: "it will make a huge difference to the consistency and comparability of insurance companies."
The article explains:
- The "trouble" with IFRS 4, the interim insurance contracts Standard;
- comparability and transparency; and
- impact around the world.
Review the article is available on the Boards's website.
