In the second instalment of our IFRS 17 series, we enclose links to two in-depth publications on IFRS 17.
- IFRS 17, First Impressions
This comprehensive publication provides in depth analysis to help you assess the potential impacts of the new standard and prepare for transition. It explains the key requirements with the use of illustrative examples and features KPMG’s insights. The publication includes 20 chapters and over 180 pages of analysis on all of the key aspects of the new standard written in plain English to assist you in understanding the new requirements.
- IFRS 17 (and IFRS 9) illustrative financial statements and disclosures
Our new guide for insurers illustrates one possible format for financial statements for an annual period beginning on 1 January 2021, when IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments are applied for the first time. IFRS 17 is a new and complex standard, and the interpretation of its requirements is subject to ongoing discussions. This guide does not pre-empt this process. Instead, it aims to help understand the disclosure requirements so these requirements are factored into planning of implementation projects. We will have a one hour webinar dedicated to this new guide on 6 March.