European Union formally adopts amendments to IFRS 17
09 Sep 2022
The European Union has published a Commission Regulation endorsing 'Initial Application of IFRS 17 and IFRS 9 — Comparative Information (Amendment to IFRS 17)' issued by the IASB in December 2021.
The IASB published the amendments to IFRS 17 Insurance Contracts to enable companies to improve the usefulness of the comparative information presented on initial application of IFRS 17 and IFRS 9.
The Commission Regulation amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council was published in the Official Journal of the European Union on 9 September 2022.
