AcSB response – Amendments to IFRS 17
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.
