Hot Topics: Accounting and Financial Reporting Update - May 2017

The International Accounting Standards Board (IASB) has now issued a new Standard to replace the current IFRS 4 Insurance Contracts.

IFRS 17 Insurance Contracts (IFRS 17) eliminates inconsistencies and weaknesses of existing practices through a single principle-based framework to account for all insurance contracts, including reinsurance contracts.

For more information about IFRS 17 download our May update below.