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AcSB response – Amendments to IFRS 17

  • IFRS - AcSB Image

Sep 25, 2019

On September 25, 2019, the Accounting Standards Board (AcSB) responded to the International Accounting Standards Board's (IASB) Exposure Draft, issued in June 2019.

The AcSB encouraged the IASB to move quickly to finalize IFRS 17, as the standard is expected to benefit the global capital markets. A common global adoption date of IFRS 17 is critical to the success of transitioning to the new insurance contract standard.

Review the press release and letter on the AcSB's website.

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.