Insurance: Update on forthcoming standard | KPMG | MK

Insurance: Update on forthcoming standard

Insurance: Update on forthcoming standard

The International Accounting Standards Board (IASB) has instructed the staff to begin the balloting process for the forthcoming insurance contracts standard, paving the way for the final standard to be issued around the end of 2016.

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Insurance

New standard set for balloting

In the meantime, the IASB will decide on the effective date and complete targeted external reviews to ensure the wording in the standard is interpreted consistently with the Board’s objectives.

Companies should begin assessing the potential impact on their business and closely follow issues that may arise during the balloting process.

Read our web article to find out more, and our visual guide (PDF 92KB) to understand what to start thinking about now.

We would be delighted to support you in the process and are ready to discuss your challenges.

© 2015 KPMG DOOEL Skopje, a Macedonian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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