Have Your Say!
The Accounting Standards Board (AcSB) is holding a roundtable to seek input on the International Accounting Standards Board’s (IASB) Exposure Draft, “Amendments to IFRS 17.” This roundtable is part of a series of events that the AcSB is hosting this summer on the topic of insurance to ensure Canadian views are heard internationally.
This is your opportunity to have your views heard on the IASB’s Exposure Draft before the IASB finalizes its deliberation on the amendments to the new insurance standard. These targeted amendments are intended to respond to concerns and challenges raised by stakeholders during implementation.
The proposed amendments include deferring the effective date of IFRS 17 Insurance Contracts by one year and extending the temporary exemption from applying IFRS 9 Financial Instruments for qualifying entities by one year to keep the effective dates aligned.
Take advantage of this opportunity to provide your views directly to senior AcSB representatives, including whether you think the proposed amendments to IFRS 17 are appropriate for application in Canada.
If you are unable to attend the virtual roundtable, please contact us so that we can consider alternative ways to obtain your input:
Administrative Assistant, Accounting Standards