With the decisions made by the IASB in February, the publication of IFRS 17 is right around the corner.
The IASB addressed issues arising from the feedback it received from the external testing and drafting process of the forthcoming insurance contracts standard. It made decisions on a level of aggregation exemption, recognition of changes in estimates and release of the CSM, as well as a few other sweep issues.
The staff expect to issue IFRS 17 in May 2017. Find out more in this month’s newsletter.