FRC calls for members for a Technical Advisory Group on IFRS 17

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16 Apr 2020

The Financial Reporting Council (FRC) is calling for members for a new Technical Advisory Group on IFRS 17 'Insurance Contracts'.

The purpose of the Insurance Technical Advisory Group will be to support initially the FRC and the Endorsement Board secretariat and, once it is established, the Endorsement Board in developing advice to the Secretary of State for Business, Energy and Industrial Strategy on the adoption of IFRS 17 for use in the UK.

The primary role of the Insurance TAG is to provide specialised knowledge and technical advice to assist the Endorsement Board and its secretariat or the FRC as the case may be in performing a technical assessment of IFRS 17 in accordance with the requirements set out in Statutory Instrument 2019/685. 
  
Members of the Insurance TAG should have good knowledge of IFRS 17 and financial reporting for insurance, and wide experience of the insurance sector whether as preparer, auditor, advisor, investor or other user of insurance sector financial reports. 
  
The closing date for the application is 27 April 2020.

Further details can be found on the FRC website here.

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