The Accounting Standards Board (AcSB) established the AcSB Insurance Transition Resource Group (TRG) in 2018 to assist the implementation of IFRS 17 Insurance Contracts in Canada.
After IFRS 17 became effective, the AcSB revised the ITRG’s mandate in 2023. The Group will advise the AcSB on IFRS 17 application matters and as needed, on the development of other IFRS Accounting Standards. The Group will assist the AcSB with contributing to the IASB’s work, including the future post-implementation review of IFRS 17.