IASB releases podcast on IFRS 17

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26 Oct, 2018

The IASB staff has released a podcast on the discussions around IFRS 17 'Insurance Contracts' at the October 2018 IASB meeting.

The podcast features IASB Board member Darrel Scott interviewed by IASB technical manager Roberta Ravelli. The interview is not so much about the details discussed by the Board but more of a general and balanced assessment where the Board currently stands. During the meeting, the Board first discussed the criteria the IASB staff have developed for the Board to apply in assessing whether a concern warrants considering an amendment and then used these criteria in a kind of a test run against the 25 concerns/issues identfied by the staff. However, no decisions were made.

By way of an outlook, Darrel Scott mentions in the interview that first decision making of the IASB is expected in 1-2 months (the November meeting is rather early in the month and the deadline for the staff to submit papers would be at the end of next week). He also mentions that the Board would need to think about the effective date - and the implications discussing the effective date would have - soon.

The podcast can be accessed through the press release on the IASB website.

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