On 24 March 2005, the BNP Paribas Group presented its restated 2004 IFRS financial statements. It also presented a quantified simulation (1) regarding the impact of the standards to be applied in 2005 ...

The Contractual Service Margin (CSM), part of IFRS 17, gives users clearer information on insurers’ expected profits. Fitch Ratings states that this change makes insurance accounting more useful. IFRS ...

The goal of the International Financial Reporting Standard (IFRS) is to provide a global framework for how organisations should prepare and disclose their financial statements. It forms a control to ...

Exposure Draft issued by IASB on Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Proposed amendments to IFRS 4) is for comment only. Comments on the Exposure Draft need to be ...

On 18 May 2017, the International Accounting Standards Board (IASB) issued IFRS 17: Insurance Contracts, a long awaited standard for insurers. Mr Raj Juta from Deloitte gives an in-depth view of this ...

IFRS 17 is the latest accounting standard that sets the rules on the financial reporting of insurance contracts worldwide. All listed companies using the International Financial Reporting Standards ...

The transition to the International Financial Reporting Standard 17 (IFRS 17), which affects insurance contracts, remains a challenge for firms as it is a radical departure from current accounting ...

FIS has won the award for best IFRS 17 solution of the year for the second year in a row. It impressed judges with the supercharging of its FIS Insurance Risk Suite, ahead of the rollout of new ...