Insurance – Final standard expected in May 2017 | KPMG | GLOBAL
Share with your friends

Insurance – Final standard expected in May 2017

Insurance – Final standard expected in May 2017

IASB expects sweep issues from the IFRS 17 fatal flaw review to be discussed in February



KPMG AG Wirtschaftsprüfungsgesellschaft


Related content

Insurance | Crowd crossing a street carrying open umbrellas

The IASB received an update on the insurance contracts project at its Board meeting yesterday.The staff informed the Board that it should expect sweep issues from the fatal flaw review of IFRS 17 to be discussed at the February Board meeting. 

As a result, the staff now expect to publish the final standard in May 2017. 

The staff also stated that, over the next few months, they will consider the objective and scope of a transition resource group to provide adequate support for IFRS 17 implementation.

We will publish an update on the detail of the sweep issues, and the conclusions reached by the Board, shortly after the February meeting.

Visit our IFRS – Insurance hot topics page for the latest developments in the insurance contracts project.

© 2018 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Request for proposal