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Article on IFRS 17

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

05 Jul 2018

IASB member Gary Kabureck has contributed an article to the IASB website 'Reducing the gap between insurance and other industries'.

The article outlines the similarities between IFRS 17 and other IFRSs as regards the measurement of obligations at current value and the recognition of revenue as a company provides services to its customers. It concludes that the changes introduced by IFRS 17 will enable a wider range of users to understand insurers’ financial statements and compare them with the financial statements of companies within and outside the insurance industry.

Please click to access the article on the IASB website.

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