EFRAG questionnaire on hedge accounting and IFRS 17
14 Jun, 2019
European insurers that apply IFRSs are invited to complete a questionnaire on hedge accounting under IFRS 9/IAS 39.
As part of its ongoing endorsement activities relating to IFRS 17 Insurance Contracts, the European Financial Reporting Advisory Group (EFRAG) is considering the interaction of IFRS 9 Financial Instruments with IFRS 17 specifically in the area of hedge accounting.
The questionnaire considers the following aspects:
- Current economic hedging strategies
- Accounting for current economic hedging strategies
- Future economic hedging strategies
- Application of IFRS 9 (including continued use of IAS 39 hedge accounting)
- Economic mismatches
- IFRS 9 and risk mitigation under IFRS 17
Responses to the questionnaire are requested by 16 September 2019.
Please click for more information on the EFRAG website.