With the new insurance accounting standard AASB 17 Insurance Contracts effective for reporting periods commencing 1 January 2023, the vast majority of Australian insurers are well-progressed in their AASB 17…
The International Accounting Standards Board (IASB) has made a series of tentative decisions to change eight areas of IFRS 17. Those amendments that are likely to be most relevant for Australian insurers are discussed below.
AASB 17 Implementation Taskforce releases the first operating version of the Information Note for practitioners.
This article reports on the new AASB 17 Insurance Contracts Information Note, released on 8 March 2018, to support actuaries in Australia and NZ in the application of IFRS17.
