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IASB publishes article on IFRS 17 preparations

  • IASB (International Accounting Standards Board) (blue) Image

11 Jun 2018

The IASB has posted to its website an article "Preparing the market for IFRS 17," in which financial journalist Liz Fisher discusses how the new Standard affects the investor community.

The article noted the "seismic change" IFRS 17 is expected to have on insurance companies as well as the user community. Though implementing the Standard may be turbulent, Ms Fisher emphasized it's impact: ". . . it will make a huge difference to the consistency and comparability of insurance companies."

The article explains:

  • The "trouble" with IFRS 4, the interim insurance contracts Standard;
  • comparability and transparency; and
  • impact around the world.

The entire article is available on the IASB's website.

 

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