Tuesday, January 29, 2019

All Change to IFRS 17

International Accounting Standards Board (IASB) votes to propose changes to the insurance standard

Further to our recent article regarding the proposed one-year implementation deferral of IFRS 17 to 2022, the International Accounting Standards Board (IASB) voted in its December 2018 meeting to approve proposed changes to the standard, which was only issued in May 2017.

These changes will be subject to public consultation later in 2019 along with the deferral proposal. Further changes are also possible since the IASB also confirmed that its discussions about potential amendments to IFRS 13 are still continuing.

The agenda and papers for the IASB’s December 2018 meeting can be viewed here.

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