The International Accounting Standards Board has issued its long-awaited standard for insurance contracts after more than a dozen years, requiring a consistent treatment for all types of insurance ...
When will IFRS 17 take effect? It comes into force in 2021, and for the world’s insurance companies it’s the biggest change in accounting standards in perhaps 20 years. For companies moving to IFRS 17 ...
STANDARDS are in place to ensure a level of quality across comparable things. But standards are not set in stone. They are bound to change—to adapt to the needs of the times. And accounting standards ...
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