IASB releases podcast on tentative decision to defer IFRS 17 effective date
18 Nov 2018
As reported earlier, the IASB has tentatively decided to defer the effective date of IFRS 17 'Insurance Contracts' the fixed expiry date for the temporary exemption to IFRS 9 in IFRS 4 by one year. The IASB has now released a podcast with IASB Board member Darrel Scott explaining the Board's reasoning behind this decision.
As Mr Scott explains, the IASB had not been very sympathetic to general calls to delay the IFRS 17 effective date, however, the Board's decision to consider possible amendments to the standard has created a situation of uncertainty that justifies a deferral of application.
The podcast (approx. 7 minutes) can be accessed through the press relase on the IASB website.
